Nick Minchin (SA, Liberal Party, Minister for Finance and Administration) Share this | Hansard source

Mr President, you would think they would have more respect for the fact that this is your last question time as President. Certainly we respect that fact, and I would ask those opposite to respect that historic fact.

The remarkable thing about housing interest rates is that they are lower now than they ever were in 13 years under the Labor Party. Housing interest rates today are lower than they were when we came to office. Housing interest rates under us have averaged four percentage points lower than they did under the Labor Party, and inflation as at June 2007 was 2.1 per cent, well inside the band set by the Reserve Bank.