Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

We can go on as long as you like. The statement says:

Labour market indicators have been more mixed of late.

We had very good growth last month. It goes on to talk about inflation being low. I should note, too, that the Reserve Bank governor says:

In reaching today's decision, the Board took careful note of developments in the housing market, where indications are that the effects of supervisory measures are strengthening lending standards and that price pressures have tended to abate.

This is a reminder that we have seen prices coming off in many parts of our cities and, indeed, in some states. The housing market is trending downwards—a correction, you might think. But you have to ask yourself, Mr Speaker: why would Australians risk a kick in the guts to the housing market right at the point where it is vulnerable? The value of Australians' single biggest asset is threatened by a Labor government. By contrast, the budget tonight will responsibly deliver on our economic plan for jobs and growth, a sustainable tax system for the 21st century economy, commitments to health, education and infrastructure fully funded and a return of the budget to balance. That is our commitment and that will continue—the successful transition of which the Reserve Bank governor wrote only a few minutes ago.

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