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

One of the major concerns, obviously, is ensuring that there is an ample amount of affordable rental properties, and that is of course an issue for every housing policy of every government. What the Labor Party is proposing is that people who own residential property that is typically tenanted—say, in big multi-dwelling units closer to the city—will only be able to sell it to homebuyers who will be residents. So, over time, the pool of rental stock will naturally decline, there will be fewer properties to rent and rents will inevitably go up. Rents will go up and home values will go down. That is what a Labor budget would look like. No wonder they are waiting to see what a real budget looks like— (Time expired)

See this speech in context