Question Time AU

Take Note Debate

Answers to Questions

Senate · Monday 17 August 2026

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

At a glance

Senators debated the government's handling of the housing crisis and broader economic indicators. Opposition senators argued that government policies were causing a decline in home loan applications, rising rents, and stagnant productivity, characterising these outcomes as design features of Labor's economic management. Government senators countered that their measures were stabilising the market for owner-occupiers, citing increased building approvals and significant funding commitments to increase supply. 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 housing market was deteriorating, citing significant declines in home loan applications reported by major banks. Sharma claimed that falling house prices were discouraging new construction and that rents in Sydney had risen sharply. Sharma attributed worsening productivity growth and persistent inflation to government policy, stating that real wages were declining and leaving workers financially worse off. Sharma characterised these economic conditions as intentional design features of the Labor government's approach.