".....the actual mortgage interest rate under the Fraser government in April 1982 – the period of the overnight cash rate which you are using – was 13.5 per cent, as compared to the truly wounding record of 17 per cent it reached between June 1989 and February 1990, under the Hawke-Keating government.
...............It would take another eight rises of 0.25 per cent each time just to get to the 10.5 per cent interest rate which applied when Howard was first elected in 1996.
To get to the Keating level, it would take nearly three years if an increase of 0.25 per cent was applied each month."
