Quarterly Market Update
She's On The Money
00:00
Domestic Holiday Travel and Accommodation Is Up by 4.7%
Domestic holiday travel and accommodation is up by 4.7%. The Reserve Bank have increased their interest rates to try and battle inflation. Banks are now going, oh, we used to be able to borrow money for 1% from the RBA. Now we have to borrow it 3.86%. We're not actually making money, so we're going to have to pass that on to our consumers. So Beck, if you were able to get money for 1.5%, now when you go down to the bank and say, hey, need a home loan, they're going to say, look,beck can't afford 0.5%. It's not banks trying to screw us over
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