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

In fact, interest rates have averaged seven and a bit per cent. They averaged over 12 per cent under Labor. The member for Sydney stood up here today and said that 9.5 per cent of family income is what is required to service a loan. My God, what would it be at 10 per cent, at 11 per cent?

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