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

This budget will help 75,000 Australians achieve the dream of homeownership and, of course, housing is so important to that ladder of aspiration and to ensure that people can build wealth. It is a commitment by this government to ensure that more Australians are able to fulfil the aspiration of the most Australian of dreams, which is a dream to own your own home. Again, I'll say negative gearing and capital gains tax would continue to be available for new homes. I would say to you—was it Pauline?—listen to Mr Wilson. He said:

… the tax system is screwing over young Australians. Instead, it favours well-off, established interests against those trying to get ahead.

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