Chris Evans (WA, Australian Labor Party, Leader of the Government in the Senate) Share this | Hansard source

I can say to the chamber that the stimulus package has resulted in improved economic data, particularly in the housing area but more broadly in the economy. The housing figures recently released show housing finance rose 3.6 per cent in April and is now 13½ per cent higher over the year. The number of loans for the construction of new owner-occupied homes rose to the highest level since January 2002. Loans to first home buyers are at record levels, representing 28 per cent of new loans financed—young families getting a start and an opportunity to move into their first home. The broader economy is also showing signs of responding to the stimulus package. Consumer confidence recorded its largest increase in 22 years in June and is at its highest level since January 2008, and business confidence also rose sharply in May. The stimulus package is working, building confidence and providing jobs and opportunities in the Australian economy. (Time expired)