Senate debates

Monday, 18 November 2024

Questions without Notice

Economy

2:18 pm

Photo of James McGrathJames McGrath (Queensland, Liberal National Party, Shadow Assistant Minister to the Leader of the Opposition) Share this | Hansard source

Minister, recent research from Roy Morgan found that 1.9 million homeowners are at risk of mortgage stress, increasing by 852,000 since you came to government. The average owner-occupier mortgage has now risen to $634,479, a 9.3 increase from 2023. Can you explain how these figures represent the cheaper mortgages the Prime Minister promised to voters prior to the last election?

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