Cost of living
Michael GALEA (South-Eastern Metropolitan) (10:07): I also join with others in this place in welcoming the decision by the RBA this week to reduce interest rates. Many of my constituents have been dealing with cost-of-living pressures and mortgage stress. These families are not the reason that we have had interest rate rises. But they have been the ones who have suffered the most, so I welcome this move and join other colleagues in calling for more action from the RBA as well to support families. I do note that inflation has started to come down considerably under the Albanese Labor government, following the skyrocketing inflation that we saw under the previous Morrison Liberal government, so let us not go back to a risky, inflationary federal Liberal government.