Day 23: What does the rate rise mean for the election? with Bernard Keane
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What's the Impact of a Rate Rise on Australians?
Rate rises have a huge impact on people's cost of living. Mortgage repayments rise driven by the reserve bank since julia gillard was prime minister. I don't think we're going to see two, many households tipped into default or like that. But ar, as we go forward through this rate tightening cycle, which is probably going to last another two years, certainly in 20 24,. i think as each rate rise goes by, we are going to see that level of mortgage dress start rising. And a, you know,you know,into the second half of next year, we may well start to see people being struggling with their mortgages. For if you're a saver,
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