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

We are happy to take responsibility for the fact that interest rates, even today, are lower than they ever were under the previous Labor government. Home mortgage interest rates are lower today than they ever were under the last Labor government. Housing mortgage interest rates under our government, on average, are four percentage points lower than the average under the previous Labor government. We are very proud to take responsibility for that outcome.