Malcolm Turnbull defends saying wealthy parents should 'shell out' to buy their kid a house

By Latika Bourke
Updated May 5 2016 - 5:13pm, first published 10:53am
Prime Minister Malcolm Turnbull faces down Opposition Leader Bill Shorten.  Photo: Alex Ellinghausen
Prime Minister Malcolm Turnbull faces down Opposition Leader Bill Shorten. Photo: Alex Ellinghausen
Mr Turnbull used the tax deduction one-year-old Addison Mignacca, of Penshurst, was getting to help her buy a home to justify making no change to negative gearing. Photo: Michele Mossop
Mr Turnbull used the tax deduction one-year-old Addison Mignacca, of Penshurst, was getting to help her buy a home to justify making no change to negative gearing. Photo: Michele Mossop

Malcolm Turnbull has defended his suggestion that wealthy parents should buy their children homes to help them into the expensive housing market, with Labor accusing the multi-millionaire Prime Minister of being "out of touch."

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