Prime Minister John Howard says he is concerned about anybody losing their home because they cannot pay their mortgage, but the percentage of repossessions is still very low.
Sydney's Daily Telegraph is reporting that repossession writs issued by the Supreme Court for Sydney and the New South Wales central coast have more than doubled over the past three years.
Mr Howard says he is following the issue carefully.
"I am sensitive to some of the difficulties and challenges - that is why we provided tax relief, which helps people deal with increased interest rates," he said.
"It's why people have to ask themselves against the background of the recent interest rate rise, 'Will it be better or worse under a Labor government?
"Now my argument is it will be much worse under a Labor government."
Marginal seats
Mr Howard and Opposition Leader Kevin Rudd have both both been campaigning in marginal seats today.
For the second day in a row, Mr Howard headed to Sydney's western suburbs, promising funding for a sports centre in the key marginal seat of Lindsay.
Mr Rudd has arrived in Perth this evening, starting his campaign visit with yet another walk through a shopping centre.
He is visiting the marginal Labor seat of Cowan, held by Graham Edwards, who is retiring at this month's election.
Labor holds the seat by just 0.8 per cent.
Earlier today, Mr Rudd brought his campaign back to South Australia.
"What I sense across Adelaide is a mood for change," he said.
WorkChoices in focus
Mr Rudd was focusing on economic issues.
"Working families face the double whammy of rising interest rates and WorkChoices," he said.
Industrial relations was in the campaign spotlight today, after new figures were released showing half of the Australian Workplace Agreements (AWAs) checked against the Government's fairness test were sent back to employers for re-writes.
Mr Rudd says it is proof that the WorkChoices laws are a red tape burden for businesses.
"Bad for working families and bureaucratic nightmare for business," he said.
Mr Howard says only 5 percent of the wage deals that have been fully processed have been rejected.
"The evidence clearly is that more jobs have been created and businesses are doing very well - it's a double benefit," he said.
He says the figures show the fairness test is working.
Source: ABC
