RBA Interest Rate Rise to 4.85% Adds Pressure Before Christmas
The RBA has raised interest rates to 4.85 per cent, adding to cost-of-living, housing and business pressures ahead of Christmas.
Tag mortgage stress
Frankston Mortgage Stress Rises 22% As Free Financial Help Announced
An estimated 7,818 households in Frankston’s 3199 postcode were in mortgage stress in the June quarter. A free Bring Your Bills event will offer financial guidance at Frankston Arts Centre on 20 October.
RBA Rate Rise Sparks Concern Across Consumer, Welfare and Business Groups
Australia’s cash rate has risen to 3.85 per cent after the Reserve Bank increased rates by 25 basis points. Welfare and consumer advocates warned of deeper financial stress, while CPA Australia and the Somerville Business Group said households and small businesses could face tighter spending and tougher trading conditions.
Zoe McKenzie MP Calls for Relief Amid Inflation Figures
Member for Flinders, Zoe McKenzie, highlights financial pressures in her electorate, urging interest rate relief despite encouraging inflation figures.
