Question Time AU

Matter of Public Importance

Housing

Senate · Tuesday 3 February 2026

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

The Senate debated a Greens motion calling for the abolition of negative gearing and capital gains tax discounts to cool housing prices and mitigate inflation. Labor senators argued that increasing housing supply through construction and infrastructure was the primary solution, citing their $45 billion housing agenda and the success of the Help to Buy scheme. The Greens and Australia's Voice senator contended that tax breaks for investors were driving up costs and that the government was prioritising corporate profits over affordability. The Liberal shadow minister criticised the government's spending and productivity record, while the motion was ultimately not passed.

Outcome

The motion was not passed.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

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.

Opposition response

Bragg criticised the government for historic levels of expenditure that contributed to inflation and forced the Reserve Bank to raise interest rates. Bragg argued that despite spending $80 billion on housing, the government had overseen a decline in annual dwelling approvals from over 200,000 to 170,000. Bragg attributed this failure to a lack of productivity growth and the influence of corrupt entities within the construction sector. Bragg dismissed the government's five per cent deposit scheme as a demand-side gimmick that inflated prices for younger buyers.

Votes during this debate

Division 12: Housing Not passed 10–30