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Senate · Wednesday 5 November 2025

Official Hansard for this day (APH) · Read this debate on OpenAustralia

At a glance

Senators debated the government's record on the cost of living, housing supply, and economic stability. Coalition senators argued that living standards had declined due to high inflation, excessive government spending, and policies that prioritised global interests over domestic needs. Labor senators countered that the government had reduced inflation, increased wages, and significantly expanded social and affordable housing compared to the previous administration. The debate concluded with the motion to take note of the answers being agreed to.

Outcome

Question agreed to.

Summary in reported speech - not a transcript. AI-generated, so check the official record before quoting.

How the debate unfolded

Opened the debate

Sharma argued that the government presided over a significant decline in living standards, citing a 33 per cent increase in rough sleeping and widespread food insecurity. Sharma noted that inflation had surged to 3.2 per cent, driven by rising electricity, utility, and mortgage costs, forcing the Reserve Bank to hold interest rates steady. Sharma attributed these pressures to unsustainable government spending, which was growing at four times the rate of the economy and pushing gross government debt toward $1 trillion. Sharma claimed that this fiscal expansion fuelled inflation and prevented interest rate cuts, leaving mortgage holders paying substantially more than before the election.