House debates

Tuesday, 9 May 2023

Questions without Notice

Interest Rates

3:29 pm

Photo of Anthony AlbaneseAnthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Hansard source

I'll begin addressing the question and then I'll ask the housing minister to make some further remarks because I haven't given myself other jobs, unlike my predecessor.

We understand that interest rates now are placing pressure on families, but they are less than when her Leader of the Opposition was the Assistant Treasurer. That's just a fact.

If we are going to deal with housing issues, I'd say, very simply, that there is one thing that they could do today, which is vote for the Housing Australia Future Fund Bill that is before the Senate. Another thing that people learn in economics degrees is supply and demand. If you have more houses, you will have an impact on price. That is a product of supply and demand. There is a bill before the Senate right now that will lead to 30,000 additional social and affordable homes being built for people in need in this country. Those opposite will have no credibility. Whether it's those opposite here, or the Greens political party, they will have no credibility on housing issues while they stand in the way of the Housing Australia Future Fund. I will see if the minister wishes to add the answer.

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