Mortgage holders are about to get smashed (Leithvo)

This interview with ABC Radio Brisbane discusses the likely impacts of further rate rises on mortgage holders.



The Reserve Bank of Australia did indeed raise interest rates, and Leith predicts they will raise again at least two more times. Considering present day debt loads, what they have done is create the highest mortgage burden level in history. Leith says that a big part of the problem is excessive spending by State and Federal Governments where the politicians refuse to admit any connection between what they are doing and out of control inflation, where one other factor is an increase fuel costs. Already Australian politicians cannot admit the connection between housing affordability and mass migration. They won't face up to the fact that their own blunders are crushing the lives of ordinary people. 

[Posted at the SpookyWeather2 blog, September 30, 2026.]