Australian ‘reality’ settles in under Labor and 12 interest rate rises

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Broadcaster and wordsmith Kel Richards discusses the Australian “reality” as homeowners are hit hard under Labor’s economy with the 12 interest rate hikes in a row.

“What has happened with mortgages because mortgage pain has already hit,” Mr Richards said.

“The actual payments people have had to make to keep up with their mortgages, 12 … in a row.”