Rate hikes mean households must find an extra $15,000 a year on average loan, FOI reveals former PM’s explosive letter, and US cities enveloped in smoke from Canada fires
Morning, everyone. The harsh reality of this week’s latest interest rate rise is that thousands of Australians are facing ever-higher monthly repayments. And many who managed to secure fixed-rate terms are about to roll over to much higher variable deals. We speak to a family peering anxiously over the “mortgage cliff” and we report on the rising the risk of a recession.
policy of aligning with the US and UK against China in the Pacific, hours before he went public with his concerns, an FOI request reveals.
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