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

I do not know where at, Senator, but I know that history teachers in New South Wales, after a number of years of experience, are on about $65,000 a year. But Miss Daisy Turnbull Brown is able to buy a subpenthouse, with knockout views of the harbour and city skyline, in 2008—she was then aged 23—for the pricey sum of $2.7 million. A history teacher. There was a bit of intergenerational equity getting moved in that one, because there is no doubt that Ms Turnbull Brown had no chance, under her own steam, of getting such a penthouse with stunning views.

People around the country just cannot do this. We know what is going on around there. We know the electorates with the biggest gains are in the top 10 electorates, with the biggest net rental losses. They are: Wentworth—the Prime Minister's; Curtin—Julie Bishop; Kooyong—Josh Frydenberg; Bradfield—Paul Fletcher; and on it goes. The top 10 suburbs, to get access to negative gearing and money from negative gearing, are all the well-heeled Liberal electorates. It is the surgeons, anaesthetists, lawyers, mining engineers and finance managers who are getting the benefit. It is not ordinary working people.

If you go to areas where I live, out in the western suburbs of Sydney, in Parramatta, the average wage is $51,303. They will not get one brass razoo, not one bit of tax relief from this budget. And what is the median house price in Parramatta? It is $1.042 million. Tell those people they should be supporting their kids to get into housing. Tell the people in Parramatta. Tell the people in St Clair, where the average income is $49,000 and the average house price is $620,000. Tell them negative gearing is a good thing. Tell them they should support their kids. I know what they will tell you: get real. Get in touch with the real-life people of this country and stop the nonsense that negative gearing promotes. (Time expired)