House debates

Tuesday, 14 August 2007

Matters of Public Importance

Housing Affordability

3:30 pm

Photo of Mal BroughMal Brough (Longman, Liberal Party, Minister Assisting the Prime Minister for Indigenous Affairs) Share this | Hansard source

That is exactly what happened when the shadow spokesman for Treasury, the member for Lilley, got up and said, ‘We’re going to talk about the prices of fruit and vegetables and groceries.’ When he was actually asked the hard question, ‘Are you going to deliver lower prices?’ he said, ‘No, I can’t do that. But we’ve already got what we wanted—we got the headline—but we are actually interested in it.’ Being interested in things is not enough. It is difficult and challenging to run a billion-dollar economy, to keep it on track, and to give people jobs and security and affordable interest rates. By the way, Mr Deputy Speaker, do you realise that interest rates are lower today than they were at any time during the 13 years of the Labor government? Not once, not in one quarterly period, did they manage to get interest rates to the point that they are at today. Labor never got to that as their low point—not once. Their best in government for 13 years was not as good as the worst is today. What an extraordinary admission. So, when the Prime Minister stands up and says, ‘We guarantee to keep interest rates lower than the Labor Party,’ we know that we have delivered for 11 years straight.

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