George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

I will tell you which is worse, Senator Gallagher: your catastrophic policy. That is the worst of all worlds, because it seems slowly to be dawning on you, Senator Gallagher, that, as a result of the measures that you have announced in relation to negative gearing, the value of the asset class held by most Australians would significantly deteriorate. Housing values would significantly deteriorate while rentals would sharply increase.