I want to follow up on yesterday’s rate rise to explain why monetary policy isn’t working for us in this country. A few months back Albanese introduced a scheme for first home buyers where he would underwrite a portion of their loan to buy a home all in the name of helping them. This means people could pay more for a house than they could otherwise afford. With the RBA increasing rates yesterday this is going to put some people with a mortgage under pressure to make loan repayments to cover thei
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