Wayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. I refer the Prime Minister to his assertion that the record proportion of household incomes consumed by interest repayments today is irrelevant because the value of their assets is greater. Is the Prime Minister aware that official RBA figures show that household debt has consistently outpaced growth in housing assets? Is the Prime Minister aware that housing debt-to-asset ratios have increased from 10 per cent in 1989 to more than 25 per cent today?

See this speech in context