House debates Questions without Notice

Interest Rates

Tuesday, 1 August 2023 House of Representatives

Angus Taylor

Angus Taylor Hume, Liberal Party, Shadow Treasurer

2:48 pm

My question is to the Treasurer. In the next three months it is expected that around 150,000 households with fixed-rate loans are at risk of falling off a $95 billion refinancing cliff. This will see some homeowners with repayments increasing by 50 per cent overnight. Why then did the Treasurer use three-year-old data to claim that Australians are finding it easier to pay their mortgages?

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