Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

is already either growing at anaemic levels or, in the case of some cities, declining. They are going to smash that. That is the biggest asset of most Australians. They are going to cut the value of your home. That is Labor's policy. They want to make housing more affordable by making your house worth less. They want to cut the value of your house.

When the member for Fraser was asked for modelling, he said, 'I don't know what you mean by economic modelling.' Well, we do. It is screamingly obvious. Everybody understands that if you take more than a third of the buyers out of the ring it is going to have an effect on prices. Will it make prices go up? No. Will it make them stay the same? I do not think so. I think it will make them go down because that is what happens when the buyers leave, when the buyers go away. When the buyers are barred by an act of parliament, which is what Labor would do, then the price will go down.

This is yet another example of the recklessness and the danger of a Labor government. Remember, this is the party that brought us the live cattle export ban which smashed cattle prices. Honourable members opposite—

Opposition members interjecting—

And I hope every Australian in every regional centre and every farmer notes—

Opposition members interjecting—

Their microphones are not on, Mr Speaker, but when we talk about cattle prices the Labor Party sneer and scoff. That is what Labor think about farmers. That is what they think about the people whose livelihoods they destroyed with their recklessness. They think it is a joke. And I say to every farmer in Australia, to every single farmer in Australia—

Mr Mitchell interjecting—

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