Malcolm Turnbull (Wentworth, Liberal Party, Prime Minister) Share this | Hansard source

that they are less likely to be able to take a holiday or to invest. When they think about starting a business and getting a loan secured on their house to start that business, they are worried. What happens if that house decline continues? What happens if that equity value, the difference between the value of the home and the loan, continues to shrink? This is a cause of legitimate concern for every single constituent in the honourable member's electorate.

Now, in 2016, the National Australia Bank estimates that property prices in Perth will decline again, by 1.2 per cent this year. They will not creep up just above inflation or just below inflation; they will go down again so—

Mr Bowen interjecting—

See this speech in context