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top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
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Swan hits out at stimulus jibes

By Staff Reporter
20 October 2009 | 1 minute read

Federal treasurer Wayne Swan has hit back at claims by the opposition that the fiscal policy was instrumental in the official cash rate rise.

Former treasurer Peter Costello suggested the stimulus policy was a ‘low quality’ outlay and said the government should have relied on higher welfare payments rather than discretionary spending.

However, Mr Swan has backed his decisions, citing the Access Economics report released yesterday which showed the stimulus policy had helped shield Australia from the worst of the recession.

Mr Swan said the coalition wanted to see interest rates stay at their 50 year lows forever, but “they cannot and those opposite know it,” he said.

The treasurer pointed to recent comments by Reserve Bank of Australia governor Glenn Stevens which suggested that interest rates had risen on the back of a recovering economy.

Swan hits out at stimulus jibes
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.