Joe Hockey (North Sydney, Liberal Party, Treasurer) Share this | Hansard source

the one that is coping with a massive transition from a mining construction phase into a production phase. And, yes, we are exporting wealth but, importantly, this is broad growth. We have dwelling construction kicking in to meet the demand that is coming out of the market—particularly in Sydney, but also Melbourne.

We have record effort from the Australian people in wanting to have a go—certainly, in the wake of this budget. Because these figures do not even take into account the budget we delivered in May. They are before the budget. And, in that three months—despite the global headwinds, despite what is happening overseas, particularly in commodity prices—the Australian economy grew at 0.9 of one per cent, which is a strong figure. The momentum is there in the Australian economy. The best friend of the Australian economy is the coalition government.

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