
Essential Report: rising interest rates are not hurting the government … yet
Australian Politics
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The Impact of Rising Interest Rates on Renters
People with mortgages, people who have home loans are obviously feeling more extended than people who own their homes outright. And then there's renters as well, feeling extended. So in a way, the impact of the interest rate rises is broader than just mortgage holders. Older people that have paid off their mortgage and may be living off their self-managed super are going to be net beneficiaries of rising interest rates. The finger-hut theory is that no matter the competence of a left-right political party, the right-wing party's are always seen as being better economic managers. But they're not doing it at the moment. In fact, that the Libs are one point up on the
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