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The RBA put up interest rates because we had too much personal debt.
This did not reduce personal debt, it increased personal debt because people were unable to make the increased repayments.
The increased interest rates also made it difficult on businesses; they have had to cut employees overtime, which has made it more difficult to maintain weekly commitments.
Due to the economic downturn commissions are also down which has made it more difficult to maintain the monthly commitments.
The increased cost of living as a result of Grocery store, Insurance Company and Utility provider price gouging.
It’s not a housing crisis, it is debt crisis.
The RBA put up interest rates because we had too much personal debt. This did not reduce personal debt, it increased personal debt because people were unable to make the increased repayments.
The increased interest rates also made it difficult on businesses; they have had to cut employees overtime, which has made it more difficult to maintain weekly commitments.
Due to the economic downturn commissions are also down which has made it more difficult to maintain the monthly commitments.
The increased cost of living as a result of Grocery store, Insurance Company and Utility provider price gouging.