Housing affordability has taken another dive on Labor’s watch with industry figures showing the largest annual decrease in affordability in a decade, said Shadow Minister for Housing, Senator Marise Payne.
The Rudd-Gillard Government’s reckless spending has put more pressure on home borrowers, with the gap between the Reserve Bank cash rate and the standard variable mortgage rate increasing even further, said Shadow Minister for Housing, Senator Marise Payne.
Today’s 0.25 per cent interest rate rise by the Reserve Bank of Australia (RBA) is another blow to Australians paying off their homes and shows the folly of Labor’s inflationary stimulus spending, said Senator Marise Payne, Shadow Minister for Housing.
Senator Marise Payne, Shadow Minister for COAG, says a planned overhaul of the COAG agenda vindicates the Coalition‟s repeated calls for the agenda to be streamlined and casts further doubt over Labor‟s dismal reform credentials.
Today’s ABS September quarter inflation figures show that Labor’s excessive spending continues to put pressure on the cost of living for homeowners and tenants, with steep rises in power, water and rents accounting for most of the increase in the consumer price index (CPI).
Senator Marise Payne, Shadow Minister for COAG, has called on the Gillard Government to urgently deal with the backlog of national reforms at the next meeting of COAG which could be held before Christmas.
The dispute between the federal and NSW Labor governments on workplace safety laws is another glaring example of how Labor has lost control of the COAG reform agenda, said Senator Marise Payne, Shadow Minister for COAG.
The Housing Industry Association (HIA) National Outlook for the home building and renovation industry is another dismal report card on the Gillard Government’s record on housing, forecasting a housing downturn that will put further pressure on rental prices.
Today’s decision by the Reserve Bank of Australia (RBA) to leave interest rates on hold is a welcome relief for homeowners, but Labor’s wasteful spending continues to put pressure on inflation and rates could rise soon, said Senator Marise Payne, Shadow Minister for Housing.
The release of Australian Bureau of Statistics (ABS) dwelling approval figures show the housing shortage in Australia continues to get worse under Labor, further eroding housing affordability, said Senator Marise Payne, Shadow Minister for Housing.