This week we saw another report confirming the complete failure of the Albanese Labor government's budget. The HIA new home sales showed that, in August, new home sales dropped 10 per cent. In the three months to August, there was almost a 20 per cent drop in new home sales across the country.

If you're an Australian today and you rent, your rents are up. If you're an Australian today and you're looking to buy a new home, it's harder than ever. If you're an Australian that owns an existing home, that home has gone down in value because of the Albanese Labor government and this treasurer. It is no wonder that the backbench has started to background against the Treasurer.

It is clear that the Australian people have lost faith in this treasurer because of his continual failures, and the backbench have now lost faith in this treasurer.