As interest rates go up housing repayments become less affordable, and as the RBA Govenor Philip Lowe had been encouraging people to buy up big toward the end of last year with the forecast of no rises this year some feel he has to take responsibility for the turnaround.
One man’s solution to the costs of housing & loans is under the awning of a major bank.
Treasurer Jim Chalmers is offering no relief with a firm “NO” to any extention of the petrol excise tax relief which is due to desert us in less than a month.
Image: Image: Courtesy R Chambers – One man’s housing crisis solution
Produced By: Roderick Chambers
Featured In Story: Tim Harcourt – UTS Industry Professor and Airport Economist
First aired on The Wire, Tuesday 2 August 2022