David Pocock

a place that needs to be accessible and affordable, a safe roof over your head, because without that, you can't flourish as a human.

Or is it something that we want to be a wealth creation tool, an asset class?

And every time I talk to people about this, they say, well, of course, it's the first one.

This has to be more affordable.

It's killing us.

And

I think when we talk about housing, we've got to the point now where if we cannot solve the housing crisis, it's far more than just a roof over people's head.

This will have huge ramifications for our future as a country.

And so we've absolutely got to tackle the...

The tax system, we've got to actually make sure that it's not skewed towards investment.

And, yeah, that's something that the parliament hasn't been willing to do for a long time now.

But I think, again, community attitudes have changed.

And even talking to older Australians who have done very well from property, they're now saying, well, what does this mean for my kids, my grandkids?

We've got to shift this.

And, yeah, I don't think...

Anyone wants to live in a country where you can only own a house if you have wealthy parents.

In the last parliament, I did some work with Senator Jackie Lambie, kind of thinking through both the need for change and then the politics around it, and we got a bunch of options costed by the Parliamentary Budget Office.

And the option we landed on was...

removing the capital gains tax discount on existing stock but maintaining a paired back, I think, 25% for new builds.

The argument that always gets used by the building industry and by both sides of politics is, oh, if there's no capital gains tax discount, you'll kill new builds, new supply.