House debates

Thursday, 25 February 2016

Questions without Notice

Taxation

2:16 pm

Photo of Chris BowenChris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. Yesterday, when speaking about Labor's negative gearing reforms, the Prime Minister claimed:

They are proposing to remove … from the market for established dwellings one third of demand. All investors would be gone.

Is the Prime Minister aware that in the United States, where negative gearing is not allowed, more than 30 per cent of the housing stock is owned by investors?

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