29/09/2026
Another rate rise. For a lot of families, that's another hit to an already stretched household budget.
We're already paying more at the bowser, and more for groceries, energy and housing. Fuel costs flow through to everything, and that pushes inflation up.
Then the fix is to make us pay again, this time through higher mortgage repayments.
I understand the RBA has a job to do on inflation. But I'm not comfortable that higher interest rates are the main tool we keep reaching for.
Rates work by squeezing households. They don't lower fuel prices, build a single home, cut an energy bill or fix a supply problem.
So families take the hit twice: once for the cost, and again for the cure. It's ordinary families and workers carrying it, the people doing the right thing and still going backwards.
Bringing inflation down matters. But it shouldn't always be the mortgage holder who pays for it.
How's this hitting your household?