George Brandis (Queensland, Liberal Party, Attorney-General) Share this | Hansard source

As I said in my answer to Senator Cameron's question, the real issue, which economists have recognised across the board in relation to housing affordability, is primarily the issue of supply. That is an issue about which both the Prime Minister and the Treasurer have commented on many times. Senator Singh, you do not need to listen to the voices of political leaders when you can listen to the observations of the Governor of the Reserve Bank, which I quoted in answer to your colleague Senator Cameron. Or you can listen to the observations of the Secretary of the Treasury, Mr Fraser, who I also quoted in response to your colleague Senator Cameron. In the Sydney market, for all of those long years of Labor government, particularly under the 10 lost years when Mr Bob Carr was the Premier, there was virtually no land released in Sydney for— (Time expired)