The Reserve Bank’s decision to hold interest rates at 4.35% is cold comfort for hardworking Australians with a mortgage.
With the Reserve Bank expecting inflation to remain a challenge until late 2025, Australian families are facing several more months of higher mortgage repayments.
The independent Reserve Bank Governor last night confirmed that Australia’s inflation is being driven by domestic factors, is widespread and will be higher for longer. The Prime Minister and the Treasurer are now at direct odds with the RBA Governor with their view of inflation.
The same day the ABS has confirmed that Australian household’s real incomes are going backwards, Labor has cut a deal with the Greens to pass contentious changes to the tax treatment of franking credits through the Senate.
The Coalition are today calling for the government to support Coalition amendments to Treasury legislation that will extend the Instant Asset Write Off to 26,500 medium businesses and extend the value of assets eligible to $30,000. <
The September quarter Consumer Price Index (CPI) has highlighted the pain Australians are feeling under this distracted and out of touch Labor Government.
Shadow Treasurer Angus Taylor said prices are going up and up and have been ever since Labor got it into government.
Thank you to all who voted in the Voice Referendum and to those who volunteered in Hume and across the country to keep Australia united and protect our Constitution.
The people of Hume have spoken, with around 74 per cent so far rejecting the Prime Minister’s divisive proposal.
