Tom Elliott has ripped the Reserve Bank governor Philip Lowe after it emerged he purchased his Sydney home with a half-price loan.

Mr Lowe purchased the property in 1997 for $1.075 million, with the assistance of a heavily discounted, taxpayer-subsidised mortgage.

“No wonder he doesn’t understand what Australian families are going through,” an incandescent Tom Elliott said on Thursday.

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“He is imposing far too much pain on Australian public.

“He wants to beat inflation, but doesn’t care how many people get hurt in the process.”

(Photo by Lisa Maree Williams/Getty Images)