John Howard (Bennelong, Liberal Party, Prime Minister) Share this | Hansard source

Without having the Reserve Bank figures with me, I do not intend to say yes or no to that, but I can say that interest rates were much higher under Prime Minister Keating. I can also say that the value of homes is much higher now than it was under Prime Minister Keating. I can also confirm for the gentleman who sits opposite that, under this government, as a result of the very low interest rates that we have enjoyed over recent times, people have borrowed and invested in more expensive homes and more expensive assets. As I say, without having the figures with me, I am neither going to confirm nor deny it but rather state those facts.

See this speech in context