House debates

Monday, 23 February 2009

Questions without Notice

Economy

3:03 pm

Photo of Wayne SwanWayne Swan (Lilley, Australian Labor Party, Treasurer) Share this | Hansard source

By November 2007, 23.9 per cent of all new mortgages were fixed. There was a threefold increase under the coalition. The proportion of new loans that were fixed stayed at around 23.9 per cent of new loans until March, but was never above, before falling sharply from April onwards. So what this actually exposes is the lengths to which those opposite will go to distort any economic fact for political advantage.

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