Nick Sherry (Tasmania, Australian Labor Party, Shadow Minister for Banking and Financial Services) Share this | Hansard source

Mr President, I ask a supplementary question. I do thank the minister for admitting that interest rates today are higher than they have ever been under his government. But that just goes back to the original question: what happened to the promise to keep interest rates at record lows that the government made three years ago? What happened to that promise, if interest rates are at record highs today? After nine interest rate hikes in a row, which have added $457 a month to a $300,000 mortgage, how will our kids ever be able to afford to buy their own home after your broken promise?