How HECS became a debt trap
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The Rise of Interest Rates
Interest rates have been raised yet again putting an end to the brief hold in rises that we experienced last month. The 11th rate rise since May last year means that for someone owing $500,000 on their mortgage, their repayments will have risen by around $1,058 a month since the RBA started hiking rates. And the British government wants to use old cruise ships, barges and ferries to hold asylum seekers as it continues its effort to mimic Australia's stop the boats policy.
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