Larissa Waters (Queensland, Australian Greens) Share this | Hansard source

My question is to the Minister for Finance, Minister Gallagher, representing the Treasurer. Housing cost is the single biggest contributor to recent inflation. The RBA governor yesterday singled out credit growth as a cause for concern. We know that property investors borrowed a record high $40 billion in the last three months of last year alone, and that was largely to buy existing homes, not new builds. Investors are flooding into the market at record rates, and the Labor government is giving them massive tax handouts to help them push up house prices. Will Labor use this budget to cut these unfair tax handouts for property investors and give renters and first home buyers a real shot at buying a home?