Bert Van Manen (Forde, Liberal Party) Share this | Link to this | Hansard source

I rise today to speak on the negative impact that we will see from Labor's proposed changes to negative gearing in my electorate of Forde. I had a meeting with several of my real estate agency principals last week to discuss the impact on property values and rents in Forde. The story from the agents is that, across the board, people in the electorate of Forde, who are already struggling to meet the day-to-day costs of living, will be impacted if there are any rental increases as a result of Labor's negative gearing policy changes and capital gains tax policy changes—

Opposition Members:

Opposition members interjecting—

Bert Van Manen (Forde, Liberal Party) Share this | Link to this | Hansard source

Yes, they get two bites at the cherry because they need capital gains to make their negative gearing strategy work. In the electorate of Forde, we have not had the large property price increases that we have seen in Sydney and Melbourne. Those in my electorate who are already struggling to make ends meet, the very people that those opposite purport to support, are going to be the ones most hurt and most disadvantaged by Labor's policies. The people of Forde are the sorts of people who are looking to build their wealth and grow their wealth through property and it is going to be more difficult for them as well. It is all negative for the people in my electorate— (Time expired)