James McGrath (Queensland, Liberal National Party, Assistant Minister to the Prime Minister) Share this | Hansard source

The government does not support this motion. By far, the majority of those who negatively gear properties are middle-income Australians. The government believes negative gearing gives people like nurses, teachers, police and emergency service workers a chance to get ahead and provide for their future. Many factors affect housing affordability. One of the key drivers is the supply of land and housing. The states and territories hold the major levers to improving housing supply, through removing regulatory impediments imposed by planning, land use and housing infrastructure policies. We will continue to work with the states and territories to improve the responsiveness of housing supply.