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Report confirms Liberals must act on cost of living

The December 2022 Deloitte Access Economics Report confirms what the Liberal Government has been refusing to address – Tasmania is in a housing and cost of living crisis.

Households are contending with rising interest rates, high inflation, low consumer confidence and negative real wage growth.

With food prices increasing by more than 9 per cent over the past 12 months – and staples like bread and cereals increasing by 15 per cent and dairy by 12 per cent –  people are doing it tough.

The report also shows that key construction materials are costing above historic levels while higher gas and electricity prices are contributing to the rise in CPI for housing.

Tasmania has 4500 families waiting for homes and with just 305 new homes constructed in 2022, how does the government plan to combat these costs and fast-track these builds?

The Liberal Government clearly has their priorities wrong.

The Liberal Government twice voted down our legislation in Parliament last year to cap power price increases at 2.5 per cent, which would have provided Tasmanians with relief from soaring power costs.

Instead of obsessing over a billion dollar stadium in Hobart, which will bleed more money from the state’s economy, the Deloitte report should be a wakeup call to the government that they need to start focusing on Tasmania’s real priorities like housing, power prices and the cost of living.

Shane Broad MP  
Shadow Treasurer