House debates

Wednesday, 7 February 2007

Questions without Notice

Interest Rates

2:53 pm

Photo of John HowardJohn Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

Let me say to the member for Lilley—and I know he was rather disappointed that interest rates remained on hold today, so he is dredging up a question about repossession rates—that I can assure him that the homebuyers of Western Sydney regard the circumstances in which they are now living as infinitely superior to the circumstances in which they lived in the early 1990s when interest rates were only just coming off the levels of 17 per cent or 18 per cent that they had got to.

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