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

Honourable members know that housing represents about 65 per cent of the net worth of all Australian households. There is $5.56 trillion invested in housing—that is nearly three times the size of the total amount invested in superannuation. If house prices were to fall by just five per cent, that would wipe $278 billion off the national balance sheet, and it would disproportionately affect lower income households—71 per cent of the net worth of the lowest income households in Australia is in housing.

Ms Chesters interjecting—

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