RBA governor dashes hopes of lower interest rates | Sunrise

RBA governor warns 5% of home borrowers are in dire straits with some needing to sell their home, the secret formula to getting your repayments as low as possible.

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[adiintel]

Forced to sell your home and theres no rentals? So your forced to live on the streets then.

Meanwhile lets bring another million people to keep house prices from tipping over and keep rental market extremely tight. 🙄

[Larry-plwq]

It’s frustrating, especially with inflation still biting. I was really hoping for some relief on mortgage rates or at least for borrowing costs to go down

[teatree]

She has to raise the rate not lower the rate. Otherwise inflation will be permanent.

[RoyParavinic]

Reserve bank and government, thives in action, lining their pockets stealing from poor. How can they sleep at night?

[sharenclark]

Maybe if we all have to sell our homes there will be more houses for foreigners to buy 😡

[marcogrego]

Please put them up the interest rates i want to see all the idiots who have lived beyond their means by borrowing and spending more than they could to lose everything

[robstone]

The inflation rate is not high, the problem is people outbidding each other to buy houses they could barely afford thinking the interest rate would remain at historic lows combined with massive immigration reducing supply.

[tamarawest]

Sell up and chase the real Australian dream..leaving for a better life elsewhere.

[Masonharrigton]

From $37K to $65K that's the minimum range of profit return every month I think it's not a bad one for me, now I have enough to pay bills and take care of my family.😊❤

[ElizabethGatta]

in a previous interview with albo, albo's exact words "the Reserve Bank undertake its work they do so independently of government", if it's not under government control then it must be a private company or under foreign control, what the hell is going on with our money, who's controlling it, enough of this BS, time for answers.

[tonytropea]

So why are the major banks advertising that rates will come down in the short term.?

[KevinAPamwar]

RBA Governor has a extremely high doesn't understand.

[davidtewhakaara]

She tells the truth and ole grim Jim thinks he knows better

[PeterGiles-vi]

Get a special interest rate from the RB, just like Bullock did for an investment property.

[Boxy]

Everyone is saying to drop the interest rates BUT the inflation rate is still around 7%…the whole point of increasing interest rates is to bring down the inflation rate…which should be around the 2% mark. As the inflation rate is nowhere near this mark I wouldn’t be surprised if the interest rates are jacked up again or at the very least kept as is for the foreseeable future…

[vsboy]

She is in the pockets of the big four banks

[AJ-njun]

Let Bullock loose her house. She is there because of DEI. Get rid of her

[AussieBeautyMaven]

Still, nobody thinking about the knock on effect? So some 1000s of ppl have to sell their homes....where are they going to live when housing economy is already weak because nobody but the rich can afford housing? I vote we all move in with the PM! 😅🙌

[Steve-kkyb]

House prices / ASX / Greed at all time highs, why would we cut rates? There needs to be a lot of pain first, the over-leveraged need to pay the piper.

[numnum]

its interesting, they never tell the audience to cut down on life style spending and holidays.
And they never suggest to get a boarder in your multi bedroom home, which currently only holds 1 or 2 people.