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

The Labor Party's policy, as I said earlier, is confused, chaotic and contradictory. What it seeks to do is to make existing housing—established houses, which are obviously the vast bulk of the housing stock—less valuable by removing from the demand, from the buyers, in excess of one-third of buyers. From 1 July 2017, no investor could safely buy residential property in Australia if the Labor government introduces its policy, because, as I said, even if the level of interest or the level of debt that they have incurred to purchase that property is relatively modest—

Mr Watts interjecting—

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