Wayne Swan (Lilley, Australian Labor Party, Shadow Treasurer) Share this | Link to this | Hansard source

My question is to the Prime Minister. Prime Minister, is it the case that if there is a rate rise next week it will be the eighth stitch in time, which will have cost someone with a $300,000 mortgage an extra $383 a month in repayments?

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

The question is hypothetical. However, I am very happy to answer, but I tell you something that is not hypothetical: interest rates will always be lower under the coalition than under the Labor Party. That is not hypothetical; that is a proven fact.