Albanese jets off to talk climate, but interest rate pain is never far away

Another interest rate rise intensifies social and political crisis in Australia

The rate rise deepens the cost-of-living crisis for working-class households and intensifies the pressure of the financial markets on the Albanese government to further slash social spending.

Albanese jets off to talk climate, but interest rate pain is never far away

In ordinary people's day-to-day thinking the cost of living dominates, and never more than this week, when the Reserve Bank hiked rates to the highest level since 2011.

Rate Rises Deepen Australia’s Housing Affordability Divide

Rate Rises Deepen Australia’s Housing Affordability Divide Lower property prices are providing little comfort for aspiring homeowners as higher interest rates reduce borrowing power, increase repayments and place another barrier between Australians and home ownership. Falling home prices mean little when buyers can borrow less and mortgage repayments keep climbing. Australia’s latest interest rate increase has exposed a difficult reality at the …

Pain to continue with further interest rates increase

Financial pain is set to continue for many Gympie region residents, with the Reserve Bank of Australia increasing the official […]