Kim Carr (Victoria, Australian Labor Party, Shadow Minister for Housing and Urban Development) Share this | Hansard source

Mr President, I ask a supplementary question. I have a very simple proposition for the minister: won’t the latest interest rate rise actually increase the proportion of income needed to pay for a new mortgage? Doesn’t this mean that, using the Prime Minister’s preferred measure, the Howard government’s record on mortgage affordability—already the worst ever—is going to get worse?