Ruth Webber (WA, Australian Labor Party) Share this | Hansard source

Mr President, I ask a supplementary question. I remind the minister that interest rates rose to 22 per cent under the current Prime Minister when he was Treasurer. Won’t last week’s interest rate rise—the fifth since the government said that it would keep interest rates at record lows—make it impossible for many young Australian families to buy their first home? Does the minister share the Prime Minister’s view that ‘working families in Australia have never been better off’ when many of those families can no longer afford to own their own home?