Cost of Living Discussions in the House of Reps (24/07/2025)

Cost of Living and Housing Affordability

• Andrew Hastie on Housing Market
  Andrew Hastie, MP for Canning, raised concerns about the rising migration directly impacting the housing market and essential services. He argued for a reduction in overseas migration, stressing that the influx has exacerbated housing affordability issues, making it more challenging for local communities to manage the demand for housing and services (Page 43).
• David Smith on Cost of Living Pressures
  David Smith, MP for Bean, addressed the introduction of new legislation aimed at reducing student debt and protecting penalty rates, highlighting that these measures are part of the government’s strategy to alleviate cost-of-living pressures on the working population. This legislative focus reflects a commitment to support constituents whose financial situations have been strained by rising living costs (Page 76).
• Darren Chester on Local Banking Services
  Darren Chester, MP for Gippsland, expressed concern over Bendigo Bank’s decision to close branches in Yarram and Korumburra. He underscored the lack of community consultation regarding these closures and how such a decision affects local residents, particularly those who rely on accessible banking services amid broader economic pressures (Page 77).

The discussions in the chamber predominantly focused on how rising migration and local circumstances are contributing to increased cost of living and housing challenges, affecting the affordability and accessibility of essential services in various communities. The significance of legislative measures aimed at addressing these challenges was also emphasized by various members throughout the proceedings.