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

It would seem, of course, that the Leader of the Opposition is on a need-to-know basis when it comes to their policy. But I cannot call them policies, because all they are announcing is higher taxes. That is all we are getting from that side. They camouflage policy as putting their hand deep into the pockets of mum and dad investors who are simply trying to get ahead. The point I was going to make is: who do they think is investing in properties that go into Defence Housing Australia's pool—that are actually providing properties for our servicemen and servicewomen. For mums and dads investing in negative gearing, private investors account for more than 70 per cent of the properties in the DHA housing pool. But, interestingly, over 3,000 defence men and women are those who are investing in negative gearing, and they have an average net rental loss of some $9,300. Those opposite may want to think that these investors are the problem, but we on this side know that they are the ones who are supporting the successful transition in our economy that this side of the House knows how to manage.

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