Opened the debate
Hanson argued that the housing crisis was the result of mass migration, citing two million arrivals during the current term. Hanson disputed the Minister's claim that foreign ownership was at 0.05 per cent, referencing an ANZ estimate of 400,000 homes owned by foreigners in 2017 and agent estimates of 10 per cent of purchases. Hanson questioned whether foreign investors were paying capital gains tax and negative gearing obligations, suggesting revenue was leaving the country. Hanson characterised the government's approach to Australian homeowners as a political grab for election purposes.