Scott Morrison (Cook, Liberal Party, Prime Minister) Share this | Hansard source

Our government has taken numerous initiatives to take the pressure off the cost of living, as the data reveals very clearly, particularly when it comes to petrol prices. When it comes to petrol prices, in the last three years alone, what we have seen is a 1.2 per cent increase on average per year. That compares to a 2.6 per cent increase that occurred under the Labor years.

Reference was also made to housing costs, which I know is a great challenge, particularly for younger people who want to buy into their first home. Since we came to government, housing costs have increased, according to the Australian Bureau of Statistics, an average of 1.7 per cent each year and, in the last three years, they have increased by 0.6 per cent. That compares to 5.1 per cent under the Labor years. And I know that the Minister for Housing will be able to tell you this: at the last election, I said we were going to take action to help people get into their first home. Under the policies we've introduced since the last election, we have helped 320,000 Australians into home ownership. That's what we took to the election.

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