Matt O'Sullivan (WA, Liberal Party) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. After the government released a budget that economists from Barrenjoey called 'inflationary' and which did nothing to reduce inflation, the ABS said yesterday that increasing interest rates over the year contributed to living cost rises ranging from 6.3 per cent to 9.6 per cent. The average Australian family must find an additional $22,000 this year to cover the mortgage repayment increases that have happened on your watch. At the same time, real wages have gone backwards. Is this what the Prime Minister had in mind when he said he had a plan for cheaper mortgages?