Steve Hutchins (NSW, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. Is the minister aware that house prices in some suburbs of south-western and Western Sydney have fallen by up to 40 per cent over the last three years as interest rates have climbed eight times? Hasn’t a Sydney property expert stated that this rate rise ‘could be the final straw for the property market’? Will the minister now apologise on behalf of the Prime Minister for misleading the families of south-western and Western Sydney in claiming that he would keep interest rates at record lows?