I've felt mortgage stress as minister: PM

Prime Minister Tony Abbott says he's felt stress trying to pay of his family's mortgage even as a cabinet minister earning more than the average person.

Tony Abbott says he doesn't underestimate how hard it is to get into the housing market, claiming he felt mortgage stress even as a cabinet minister.

Responding to questions about housing affordability in Sydney and Melbourne, the prime minister empathised with people trying to buy their first home.

"Even as a cabinet minister sometimes it's hard to pay a Sydney mortgage and I know over the years I've earnt a lot more than the average person," he told reporters in western Sydney on Wednesday, noting the Abbott family was still paying off its home.


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Source: AAP


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