Dean Smith (WA, Liberal Party, Shadow Assistant Minister for Competition, Charities and Treasury) Share this | Hansard source

My question is to the minister representing the Treasurer, Senator Gallagher. The Prime Minister was quoted in the Australian newspaper on 2 May last year as saying, 'Labor has real, lasting plans for cheaper mortgages.' How does the Prime Minister reconcile his statement with the fact that interest rates are up 400 basis points since May last year, adding $15,168 to annual loan costs?