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Mr Howard just doesn't get it.



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Tanya Plibersek MP Shadow Minister for Human Services, Housing, Women and Youth

MR HOWARD JUST DOESN'T GET IT

The Prime Minister was asked today in Parliament about record high interest payments, but instead of facing up to the problem, chose to blame families for wanting bigger homes and the ease of borrowing money.

The Prime Minister simply doesn't get the fact that the average family home is more expensive than ever.

In 1996, the average home cost 4 times the average annual wage.

Today, the same house costs 7 times the average wage.

Families are going deeper into debt to pay for the same housing.

Housing affordability is clearly a complex issue and there’s no single silver bullet solution. But we do know this: four back-to-back interest rate rises since Mr Howard promised to keep rates at record lows is by far the biggest contributor.

The Prime Minister has rejected his own backbenchers’ suggestions for improving housing affordability.

He continues to ignore all suggestions from the housing industry, from Labor, and even from his own party.

Plainly, when it comes to the crisis in housing affordability the Prime Minister doesn't understand the problem and apparently doesn't care.

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Pe r ce n t Per c e nt

H o u se h o l d i n te r e st p a y m e n ts t o d i sp o sa b l e i n c o m e

Source: Reserve Bank of Australia Bulletin Database

20 June 2007 Contact: Mary Wood 0438983908 or 02

62774519