Mitch Fifield (Victoria, Liberal Party) Share this | Hansard source

Indeed. They need to learn that increasing the supply of something lowers the price. If you increase the supply of land, that will lower the price of houses. If you cut stamp duty, more money will remain in the pockets of householders, which means that they will be in a better position to afford their mortgages. That is something that they can do today. But they will not. We know from their track record that they will not. We know from local government amalgamations in Queensland that federal Labor dare not argue a case with state Labor governments.

If you are after independent verification as to the efficacy of our policies, you need look no further than the International Monetary Fund’s public information notice from today, which praises the Australian government’s monetary policies, fiscal policies and structural policies. They give us a huge tick. They commend our fiscal policies and monetary policies. If you want independent confirmation of the robustness of our policies and how they are helping Australian living standards, you need look no further than the IMF. You certainly should not look to the other side of this chamber. (Time expired)