Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I began my answer with a very clear answer, Senator, which is that negative gearing is still available to those who invest in a new build. But the fact that you made the interjection on relevance shows you don't understand the problem, because what I was reading out is the problem. That is the problem. When you have a 400 per cent increase in housing values and they are decoupled to the extent that they are from income growth, then you lock young people out of the market. That is the problem we are seeking to fix.