Senate debates
Thursday, 2 July 2026
Questions without Notice
Cost of Living
2:55 pm
Dean Smith (WA, Liberal Party, Shadow Assistant Minister to the Shadow Treasurer) | Hansard source
My question is to the Minister for Finance, Senator Gallagher. After four years of the Albanese government, Australians are paying 42 per cent more for insurance, 38 per cent more for electricity, 37 per cent more for gas, 23 per cent more for rent, 21 per cent more for education and 17 per cent more for food and health. On top of that, interest rates have increased 15 times under Labor, leaving Australians with a typical mortgage around $29,000 a year worse off. Minister, how can the Prime Minister claim his economic plan is working when Australian families are paying more for everything—they're paying tens of thousands of dollars more on their mortgage—and are worse off today than they were four years ago?
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