Wayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. I refer to the Prime Minister’s statement yesterday that the monthly mortgage payment on the average mortgage of $220,000 is $1,430. Prime Minister, is it the case that, if the average borrower in Australia today were paying a top interest rate of 21.39 per cent that prevailed under Treasurer John Howard, they would face monthly mortgage payments of $3,922—more than twice what they are paying today?

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