Paul Scarr (Queensland, Liberal Party, Shadow Minister for Immigration) Share this | Hansard source

My question is to the Minister representing the Treasurer, Senator Gallagher. Minister, yesterday the Reserve Bank of Australia announced a decision that many struggling Australian families had feared but hoped wouldn't happen—a large interest rate rise. Yesterday, you did not know how much—or you refused to tell us how much—your government's interest rate rise would increase monthly repayments for someone with a $600,000 mortgage. Minister, how much more a month will the government's interest rate rise cost hardworking Australians who have a $600,000 mortgage?