Senate debates Questions without Notice

Housing Affordability


Mathias Cormann

Mathias Cormann WA, Liberal Party, Minister for Finance

2:41 pm

As Senator Whish-Wilson would be well aware, the price of anything is a function of demand and supply. Where demand exceeds supply, prices go up. Of course, the best way to ensure that anything that is too expensive becomes more affordable is to increase supply, and, indeed, state governments around Australia do have a lot of the levers to ensure, through planning and other arrangements, that supply of land in particular is appropriately increased.

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