Opened the debate
Waters moved the motion, arguing that the government was exacerbating the housing crisis by providing $12.3 billion in tax breaks to landlords while failing to cap rents or regulate bank profits. Waters contended that these policies locked young people out of homeownership and forced mortgage holders and renters to bear the cost of inflation through interest rate rises. Waters called for the abolition of negative gearing and capital gains tax discounts, alongside increased public housing construction and rent freezes. Waters asserted that the government was choosing to protect big bank profits rather than assist everyday Australians.