Scott Morrison (Cook, Liberal Party, Treasurer) Share this | Hansard source

Those opposite may not be aware that whether it is foreign residents taking advantage of a property at about $150,000 or at $5 million you need to ensure you have a system of enforcing regulations that ensure that home buyers can have a fair go. This government is enforcing the rules around residential real estate and foreign investment. If the member cared to inquire he would know that we are cracking down not just on those properties at $5 million but on properties right down to $200,000 as well.

We know that we need to act to ensure that first home buyers and other homebuyers across the country are getting a fair go when they turn up to an auction or go into a real estate agent's office. They can have confidence that this government understands the problem, is acting on that problem and is getting results. Those opposite just simply scoff.

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