Senate debates

Thursday, 28 November 2024

Questions without Notice

Cost of Living

2:16 pm

Photo of Bridget McKenzieBridget McKenzie (Victoria, National Party, Shadow Minister for Infrastructure, Transport and Regional Development) | Hansard source

Minister, since the Albanese Labor government was elected, interest rates have increased 12 times, and mortgage interest repayments have tripled, resulting in an average family mortgage being $35,000 more under this government. The US, UK, Canada, eurozone and New Zealand have all seen cuts. In fact, the government-appointed RBA governor stated that there isn't an interest rate cut in sight. Why are Australians uniquely worse off under Labor than anywhere else in the world? (Time expired)

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