Kim Carr Victoria, Australian Labor Party, Shadow Minister for Housing and Urban Development
2:53 pm
Mr President, I ask a supplementary question. I have a very simple proposition for the minister: won’t the latest interest rate rise actually increase the proportion of income needed to pay for a new mortgage? Doesn’t this mean that, using the Prime Minister’s preferred measure, the Howard government’s record on mortgage affordability—already the worst ever—is going to get worse?
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