Jane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

HUME () (): Last week the Senate's cost-of-living committee also heard that 800,000 Australian households are going to be coming off their fixed rate mortgages and going onto variable rate mortgages throughout 2023. We heard that the cash rate rises this cycle have increased the typical Australian variable mortgage holder's repayments by around $10,000 per year. Minister, with the RBA increasing the cash rate again today, how much more will the average Australians with variable mortgages be worse off under this Labor government?