Lowe will almost certainly keep increasing interest rates to fight inflation, while landlords will pass on the higher costs of their mortgage to their tenants who are in an increasingly vulnerable position
The rental crisis across Australia shows no signs of slowing, with migrants entering the country finding high prices for even the most basic accommodation. Lowe will find out whether he will keep his job in September. It seems highly unlikely as he finds himself on a collision course with the Federal Government and its policies. Labor has increased wages and overseen record unemployment, yet productivity across Australia is slowing.
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