Senate debates

Wednesday, 8 November 2006

Questions without Notice

Interest Rates

2:18 pm

Photo of Annette HurleyAnnette Hurley (SA, Australian Labor Party, Shadow Minister for Citizenship and Multicultural Affairs) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Minchin. I refer to the Prime Minister’s statement at the coalition campaign launch for the last election when he said:

Rising interest rates dominates everything else when it comes to family security.

Is the minister aware that families are paying $195 extra a month on a $300,000 mortgage since the Prime Minister’s statement? Isn’t it the case that the Prime Minister has made Australian families less secure by giving the green light to the eighth consecutive rate rise? When will the government take responsibility for the additional financial pressures faced by Australian families?

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