05/10/2026
Well said, Kochie 👍💡
Clearly, interest rates filter into all parts of our economy and affect some more than others.
A little like the majority of the country having to endure much higher interest rates, all because the Powers That Be considered it a great idea to allocate high-octane fuel on October 1 to first home buyers, with 5% non-means-tested, government-guaranteed home loans in an already raging market, only to float a Titanic-sized iceberg six months later to scuttle the whole market.
Many poor first home buyers are now in negative equity and still sinking.
All to appease a minority of the market and, in turn, create chaos throughout the whole economy.
Look out for more rate walloping than would otherwise have been required, compliments of these great initiatives. 🫣🤥🤯
Thank heavens the RBA is largely independent.
