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Thursday, 26 February 1987
Page: 692

Senator ARCHER —Does the Minister representing the Minister for Housing and Construction acknowledge the appalling current problems of housing Australians and the situation of both buyers and renters caused by record and rising interest rates, the consumer sell-off of rental housing following the introduction of the capital gains tax and other measures, rapidly rising waiting lists for government rental housing and inflationary new house costs caused by the drop in the value of the Australian dollar? What will be done about this?

Senator RYAN —I do not acknowledge the claims made in Senator Archer's question. If Senator Archer or members of the Opposition want a full statement on the housing industry I would be very pleased to oblige and provide one at an appropriate time. But, in short, I do not agree with the allegations made in Senator Archer's question.