Sussan Ley (Farrer, Liberal Party, Shadow Minister for Women) Share this | Link to this | Hansard source

My question is to the Prime Minister, and I refer to his promise to deliver cheaper mortgages. Interest rates have risen eight times under his watch, and more Australians are turning to Foodbank so they can put their grocery money towards their mortgage payments. Why has this Prime Minister misled the Australian people? Isn't this yet another broken promise by this tricky Prime Minister?

Anthony Albanese (Grayndler, Australian Labor Party, Prime Minister) Share this | Link to this | Hansard source

Perhaps, if the deputy leader attends the New South Wales Liberal Party launch on Sunday, she might get to speak. Then she would get to speak about the shared equity scheme, which I announced during our election campaign—the shared equity scheme that is being promoted by the Liberal-National government in New South Wales. What does a shared equity scheme mean? It means that instead of having 100 per cent of the mortgage yourself a share of the mortgage is held by the government. That's the scheme. That's the scheme that the New South Wales Liberal government has announced. It's based upon the WA Liberal Party scheme. It's based upon the Victorian scheme. The WA scheme has been in place for many, many decades, and has been a huge success. I thank the member for her question.