House debates

Thursday, 10 August 2006

Questions without Notice

Interest Rates

2:33 pm

Photo of Wayne SwanWayne 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. Is the Prime Minister aware that the monthly mortgage payment on an equivalent sized mortgage would currently be $1,169 in the United States and $1,234 in the United Kingdom? When will the Prime Minister admit that Australians are paying some of the highest interest rates among developed countries?

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