Pauline Hanson (Queensland, Pauline Hanson's One Nation Party) Share this | Hansard source

I have heard so much hypocrisy from the other side of the house, from Senator Cameron, that I cannot believe it. He talks about getting rid of capital gains tax. Why wasn't it done in the period of time that the Labor Party were in government? No, they will not do it. So they whinge and complain when they are on the other side of this house, but they will not do it when they are in government because it does not work. Another part of the hypocrisy is when he talks about housing affordability. When foreign investors came into Australia and wanted to do a development they had to sell at least half of it to Australians. Guess what? Labor did away with that. The whole development could be sold to foreign investors. I am also told in relation to these big developments in Melbourne that 75 per cent of Melbourne city is owned by foreign investors. Forget about Australian ownership. Apart from that, do they pay stamp duty? What I have been told is that they only pay about $1,000 per apartment. So where is the money going? Out of the country, back to foreign investors.

The elephant in the room here—which no-one is taking any notice of—as to why housing affordability is out of the price range of ordinary Australians is immigration. You cannot continue to bring in huge numbers of migrants to Australia if you do not have the infrastructure—and housing is one. In this last financial year, we brought in 209,000 migrants and it is expected that in the next financial year there will be a further 226,000. We cannot provide housing for our own people here. We have 200,000 homeless people. We have rising costs of housing as well. The Greens are purporting to get rid of the— (Time expired)