Australia’s economy is the envy of the world. There are 960,000 more jobs in Australia than in 2007. Since 2007 our economy has grown 13%. Compare that to the US economy which has grown by 2.25% and the European economy which has shrunk by 2%. Australia has one of the lowest levels of debt in the world, the equivalent of a $12,000 mortgage for someone earning $100,000 per year. That’s why we have a AAA Credit Rating from the three key ratings agencies. Interest rates have fallen from 6.75% to 2.75% since 2007 – the lowest rates on record. A family with a $300,000 mortgage is saving more than $5,000 a year. (this was taken from an Australian Labor Party mass email)
Posted on: Thu, 06 Jun 2013 09:50:12 +0000