Doug Cameron (NSW, Australian Labor Party, Shadow Minister for Human Services) Share this | Hansard source

She is so hopeless I am not sure what she is. She says that house prices will rise. So you have prices rising, prices falling—what is this scare campaign? You do not even know how to get it right. You are so incompetent as a government that you cannot even get your lines right amongst the cabinet ministers. At the same time, when Prime Minister Turnbull is talking about these house prices falling, go out to the western suburbs of Sydney, go out to Parramatta, and look at a tarted up three-bedroom housing commission house going for $910,000. That is what we have in house prices. If you talk about distortions in the market, what is more distorted than a fibro, tarted up housing commission house in the western suburbs of Sydney costing a person $910,000?

How do young people get into housing? They do not get any housing by the continuation of capital gains tax rorts for the big end of town. They do not get in that way. They do not get any housing under the tax policies that Prime Minister Turnbull has. The government are too busy looking after the investors—the big end of town—with millions of dollars in their back pocket to get up to five, six and seven houses.