John Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

I simply conclude by reminding the House again that between 1973 and 2003 the cost of land in Sydney rose by 700 per cent and the cost of building rose by about four per cent in real terms. Fifteen years ago interest rates were double what they are now. It is therefore beyond logical argument that the principal reasons for the problem young Australians now have are the land release policies of state governments and the way in which they use the development process as a way of extorting revenue from young people.

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