Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

I think we all know that one of the primary drivers of housing prices going up is a lack of supply, which is why the government has—both in the context of the election and in our first term—invested in a very large set of housing policies which deal with both demand and supply. I would make the point, Senator Bragg, that you and others were amongst those who prevented and held up some of those key supply measures during the last term, and you now complain about housing supply and prices. I would also make the point about prices that we don't believe that the answer to housing shortages is (a) simply cutting wages or (b) implementing the sort of policy that you came to the election with, which was super for housing, which would have driven up housing prices by more than $90,000 in capital cities.