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

I thank the member for Greenway for that supplementary question. I was talking before about the equivalent of six interest rate cuts since November last year. As a result, a working family in Greenway with a $300,000 mortgage has made around $2,700 in annual savings from rate cuts in the last 12 months alone. As I said before, a family with a $300,000 mortgage is now saving something like $4,500 a year in repayments compared to when the Liberals were last in office. This is very important, because it comes along with the commitment to assist families with the cost of living and, most particularly for families in Greenway, the Schoolkids Bonus, which of course is opposed by those opposite. We understand the stresses and strains on modern working families, particularly in Greenway—unlike the knuckleheads over there, who will not even support the Schoolkids Bonus.

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