Protecting your portfolio from rate rises: RBA discussion with Finni Mortgages

With the cost of living expenses rising across the country, doesn’t it seem counterintuitive to add more pressure to Australians’ wallets by increasing their mortgage payments? Paul Glossop, chief executive of finni.com.au, joins host Phil Tarrant to explain the economics behind the RBA’s series of rate rises and why stifling consumer spending will benefit the Australian economy and, therefore, its residents, even if it comes with some interim financial pain. Roughly a third of Australians have a mortgage, so rate hikes are a major way of shaping spending behaviour and encouraging consumers to “tap the brakes”. But that doesn’t mean that all property owners have to suffer under the current course of tightening. Paul explains that there are steps you can take to ensure your wider financial portfolio is still performing for you. The losers, he warns, will only be those who are lazy with their money. If you like this episode, show your support by rating us or leaving a review on Apple Podcasts and by following Smart Property Investment on social media: Facebook, Twitter and LinkedIn. If you would like to get in touch with our team, email editor@smartpropertyinvestment.com.au for more insights, or hear your voice on the show by recording a question below.