Tom Elliott rips Reserve Bank governor over latest revelation

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.

Press PLAY below to hear Tom Elliott tee off

“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)