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

My question is to the Treasurer and relates to the Reserve Bank’s measure of debt servicing for households. Can the Treasurer confirm that increased household debt, coupled with the seven back-to-back interest rates rises since April 2002, has resulted in households paying a record share of their incomes in mortgage interest payments? Can the Treasurer identify any period previously where households were losing a greater share of income in mortgage interest repayments than today?

See this speech in context