Asked about his comment yesterday (which he made twice) that he wants to see house prices continue to rise, Peter Dutton says:
If you’ve got a house that you’ve just bought and you’ve got a $500,000 mortgage and your house goes down by mortgage and your house goes down by $100,000 under Labor, and your mortgage is worth more than the mortgage is worth more than the house itself, then that’s not a good situation for you.
So, no, we don’t want house prices to plummet. Labor’s recession in the ’80s and 90s did exactly that. This is the biggest-spending government since biggest-spending government* since that bad Labor government.
What we need to do is to make sure that we’ve got enough supply coming in.
The question wasn’t about a recession, or whether he wanted to see house prices ‘plummet’ it was what did he want to see house prices do. And there is no suggestion that we are heading to a recession – except from him and Angus Taylor.
*The Coalition have matched Labor’s spending promises this election and come up with foregone revenue commitments (tax offset, fuel excise cut etc) but not released their costings so we can’t tell you how much they are spending (just for the purposes of Dutton’s complaints about Labor spending)
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