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Thursday, 9 December 1971
Page: 4623


Mr Whitlam asked the Treasurer, upon notice:

In the light of subsequent increases in interest rates, will he supplement and bring up to date the - figures which his predecessors gave me on 24lh December 1969 (Hansard, page 1919) and 3rd June 1970 (Hansard, page 2879) on interest rates and monthly repayments for housing loans.


Mr Snedden - The answer to the honourable member's question is as follows:

The following tables up-date the information provided by my predecessor - on 3rd June 1970 concerning interest rates and monthly repayments for bousing loans. The first table sets out what are understood to be typical ranges both of interest rates charged by the various lending institutions and repayment periods for loans. The second table sets out monthly payment per $1,000 loan under a range of interest rates and periods of repayment.

 

 







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