House debates

Wednesday, 3 July 2024

Questions without Notice

Economy

2:00 pm

Photo of Peter DuttonPeter Dutton (Dickson, Liberal Party, Leader of the Opposition) Share this | Hansard source

My question is to the Prime Minister. Before the Prime Minister was elected, under the coalition government, a typical Australian family could secure a new variable rate home loan at 2.4 per cent, paying $35,000 a year. After two years of the Albanese government's decisions driving up inflation, the new loan variable interest rate is 6.3 per cent, costing Australian families an extra $21,000 in after-tax dollars. Why won't the Prime Minister admit that his $315 billion spending spree is driving home grown inflation and threatening further interest rate increases into the future.

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