Senate debates

Monday, 10 September 2007

Questions without Notice

Housing Affordability

2:58 pm

Photo of Nigel ScullionNigel Scullion (NT, Country Liberal Party, Minister for Community Services) Share this | Hansard source

Perhaps we need to clarify this on the record. The very lowest that those opposite ever achieved was 8.34 per cent. The highest that we were was 8.3 per cent. Interest rates have fluctuated between 6 and 8.3 per cent, while those opposite lorded over interest rates of between 8.34 per cent and 17 per cent. It was 17 per cent because those opposite have never been able to demonstrate that they could manage a trillion-dollar economy, and Australians who are listening to this broadcast today should be warned: they cannot trust Labor in government.

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