My question is to the Prime Minister. According to the latest ABS data, the average Australian mortgage is just over $600,000. A homeowner with this mortgage is now paying more than $760 more a month. When the Prime Minister said yesterday the impact of interest rate rises was just $95 to $145, was the Prime Minister misleading the House, not across the detail or trying to downplay the cost-of-living crisis Australians are facing?

What I said yesterday was 'the average mortgage', and the average mortgage outstanding balance is $330,000. A 50 basis point increase adds up to $409 as a result.