Wayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is directed to the Prime Minister. Has the Prime Minister seen predictions of the impact of new land releases on house prices by Mr Alan Moran, the Prime Minister’s preferred housing expert, who said:

In the case of Sydney, outer Sydney, we would see a very dramatic reduction over time, we would see a reduction of perhaps half.

... in Melbourne we would see a reduction of maybe a quarter.

... Adelaide about the same again.

... Perth a little bit more than that.

Given that new land releases would lead to a significant impact on the value of the family home, is the Prime Minister still advocating this proposal as the sole solution to families who are struggling with their mortgage?

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