CANBERRA, ACT, June 30 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: housing market, tax cuts, 1 July cost-of-living relief
Tom Steinfort:
The Labor government is insisting its Budget isn't to blame for those dire auction clearance rates we're seeing.
Sarah Abo:
To discuss we're joined now by Treasurer, Jim Chalmers, live in Canberra. Treasurer, good morning to you. So your government says this slump is predominantly the fault of a 4.35percent interest rate, but last year under the exact same rate the market was fine. So what's changed?
Jim Chalmers:
Good morning, Sarah and Tom. A couple of things about that, the point that we're making, which you can see in the auction clearance rates and in house pr...