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

I thank the honourable member for his question. I have visited his electorate with him on many occasions and I know how concerned the members of his electorate are about property values and the maintenance of the value in their home. And they have very good reason to be. In Western Australia—in Perth—we have over the last year seen a decline in property values. The average house prices in Perth declined in 2015 by 6.7 per cent, and that obviously crimps the assets of his constituents. It is their biggest asset. It means, naturally—

Mr Champion interjecting—

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