Increase in mortgage repayments a ‘reality of a world where there’s inflation’: Albanese

“I think Australians understand that there is a lot of upward pressure on interest rates at

the moment, they’re not my words, they’re his – the Leader of the Opposition,” Mr Albanese said.

Source: Loan Digest (loandigest.net)

Is it me or is Albo not really Albo.

Hey AlboMP then why did you say we would have lower payments under your govt? Gaslighting can only work so long... Tik tok you bogan.

Almost sounds like keatings:'This is the recession we had to have' Keep going unco eh elbow eh Agro,never mind Anthony,and it will turn into:'This is the depression we had to have'

Sadly idle AlboMP actions have caused more inflationary pressure! He just does not get it!

Your the one driving inflation

This bloke has no real compassion for the average Aussie. He's all 'ideology' and virtue signaling.

I would've thought that people who took out obscene mortgages at less than 2% with little to no buffer would take responsibility for their actions. Assuming that rates would never revert is foolish. When do these people start demanding the government bail them out?

How about dramatic reduce political perks including benefits after trrm finishes. Reduce the fat States public services, servants and politicians

Making this insensitive remark will come back to haunt ALBO: he’s lived on taxpayers money for years ,

After all the grants and hooks to get people over indebted they are now conveniently blaming 'inflation' for decades of bad policy Debt levels should never have been allowed to get so high! That's the scandal here!!!

On purpose

Always increase in mortgage rates when Labour are in power ffs. How can people forget the Keating years.

He’s like a nightmare, pops up unexpectedly night & day sprouting absolute crap.

The Labor party didn't make anyone take out a huge mortgage. They also aren't making rates rise. Personally don't care for either party but if you're struggling with a mortgage the only person to blame is yourself.

CU in the NT

There were promises made!

It's all going to plan

How come the banks are charging 3 x the cash rate for owners occupiers. This is not inflation, it's greed from the banks and total lack of action from government

But Albanese said he and Prince charming had a plan to reduce the çost of living for Australians. He was not lying, was he?

Ct

Keating said it was the recession we had to have!!

He is definitely out in next election.

Too bad his grip on reality is slim

Let em burn 🔥

What an absolute unsympathetic comment. It's Disgracefully shameful!

Not the sharpest tool in the shed… And he is the PM. 🤨

Doesn’t bother him that’s why.

Thought he had a plan

Never, ever been better off under ANY hard Labor govt. State or Fed.....?

Rate rises aren’t curbing inflation. It’s up to parliament to get to work and pull their levers.

It's the reality of living in Labor's world where Keynesian economics is king and Karl Marx is God. Paul Keating gave us 18%, what will A$$hole Albanese bring? auspol Labor

Really? Maybe he needs to be played his pre-election comments.

Thanks chief

Wasn’t it one of his election promises to tackle hiking rates and cost of living?

No surprise that they guy from Commission Housing does not understand mortgages.

Hey we're is your plan or is this it 🤔

This guy should not be at that job !

Caused by labour policies.

Just don't mention the currency war ,where Australia has undervalued it's exchange rate .All because China is a currency manipulator ,Trump was right again .

What a fraud … No plan, bar blame the past. I wonder how people in “social housing” are living?

He just couldn't give a you know what.

An he is to blame.

This clown show has got to go.

He’s an economic genius.

You will own nothing but you will be happy.

Breaking news: Politician looks down upon the voter and implies he's better than them.

Shit who would have thought increasing the money supply by half would end up with inflation. 😱Justbuybitcoin

😂😂😂😂😂😂😂😂 what a waste of space

useless

Another reality is house prices keep going up when you import an extra 400k foreigners a year plus thousands of fake scamming refos plus thousands of fake scamming foreign students who's only interest is residency.

Sky news comment section is an utter disaster. Are any of you capable of counting past your fingers? It was 10 years of conservative corruption that got us in the worst cost of living crisis since the Great Depression.

In other words 'I do not give a FUCK '

maybe we shouldn't have made a basic necessity, housing / land a speculative asset for investors. Then the prices would be more manageable

Global inflation is due to governments printing money and this huge gap between ideology and reality with renewable energy. Albo has very little control over that. However, to go to the election making fairytale promises about cost of living to potential voters is the sham.

Sounds like the recession we had to have line.

Yeah but instead of doing anything about it, his government and reserve bank are busy focused on redesigning $5 notes. Do something instead of trashing the place.

That isn’t what he was saying prior to being elected. But he does have a plan

It’s a massive own goal, and the idiots that created the disaster will be the least affected, and still want us to be grateful!

sky news openly trying to manipulate Australians to push an agenda. anyone who supports this immoral bullshit is as bad as any corrupt journalist and politician.

Coming from a guy that doesn’t have to pay a mortgage !!! How would you know the financial struggle of every day Aussie’s face.! Do everyone a favour and Keep your smug comments to yourself!

There would not be inflation if it was'nt for the Central Bank and Reserve Banks printing money whenever they feel like it. Unfortunately that is who controls all the puppets in power.

Thank feck, I thought it was an issue to suffering working people. Just goes to show what I know about economics.

So comforting!

It's the reality of a world run by an unlected private central banking cartel since 1913

Thanks for your incredible insights.

Lebanon currency was just devalued by 90% When that happens here what will happen to ones mortgage and house prices ?

Only happens under labor governments, 1980s labor gave us 18%. It will destroy the lives of millions of Australians if we get to half that now. You just know, labor will destroy the economy, it's in the DNA.

And the inflation is caused by his spending and his policies AlboMP

Thousands of people are going to hit a mortgage cliff, and this government still allows interest rates to go up by their bad policies

Its a reality everytime Labor is elected. Seen it several times now. But what would I know?

Thanks for overstimulating the Aust consumer Scotty and Josh.....and blowing up the balance sheet.

Wow. Pre-election he said he had a plan. Now it’s just deal with it.

Australia has run a Ponzi scheme, underpinned by mass immigration which invariably puts housing under pressure & prices are inflated by excess demand. Stop foreign ownership Reduce immigration, rebalance the market so interest rates don’t hurt as much for borrowers.

Thanks for clearing that up

Does not have a clue..how to run a country.

Thanks Albo. 👌

Keeping inflation in check in RBA’s job, in fact its only job. Some people tend to think the RBA’s job is to keep house prices high and interest rates low LOL.

Well they did say it wouldn’t be easy

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Outstretched hand': Anthony Albanese optimistic misinformation won't sink the VoicePrime Minister Anthony Albanese has described the Voice as an 'outstretched hand' ready to be grasped by Australians. An outreached hand ready to accept money. This will be Albos downfall. Still kind of waiting for the clear explanation of the working version of it. The other fella on twitter says vote no though
Source: SBSNews - 🏆 3. / 89 Read more »

Alcohol bans to be reinstated in Alice Springs communitiesPrime Minister Anthony Albanese and Northern Territory Chief Minister Natasha Fyles separately announced the return of the restrictions, which each community will have to vote to opt out of.
Source: theage - 🏆 8. / 77 Read more »

Prime Minister denounces Voice to Parliament ‘misinformation’Prime Minister Anthony Albanese remains optimistic about the Voice to Parliament succeeding at a referendum, while hitting out at critics who seek to push “misinformation” on social media. The only ones pushing ‘misinformation’ here is the Prime Minister and all those jaded by dangerous identity politics. So do I.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Prime minister says Voice will not crowd out economic, health issuesPrime Minister Anthony Albanese has promised his Voice push will not distract his government from the cost of living, health and other issues. Albo is the one pushing a culture war. All Australians have a voice now through our constitution. We the people say no. Like hell Medicare-Rebates for seeing a GP need to increase. The Voice-I am all for making things better for disadvantaged Indigenous families but am one who would like more detail on how this will come about.
Source: FinancialReview - 🏆 2. / 90 Read more »

PM says Voice not preoccupying Labor’s policy agendaPrime Minister Anthony Albanese has fielded questions about the Voice to Parliament, including if he thinks the Government is neglecting other policy areas. Energy bills getting higher, but old mate Albo’s priority is a voice to parliament. Securing his own bit of lefty glory, like Rudd’s apology - which has clearly made a MASSIVE difference in the lives of Aboriginals. Or Dulcie Gillard’s fake misogyny speech - written by a man. Albo wants to have his own historical flagstone. Neglected other areas. He certainly is, he hasn't attended a tennis match in days now.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Albanese pressed on more ambitious emissions targetThe Prime Minister was asked why a wealthy nation such as Australia could not commit to a more ambitious emissions reduction target than the already legislated 43 per cent. Coming from someone who hasn’t never owned a business, had to choose between which utility bill to pay or struggle to put enough petrol in the car. Why should Auzzies go without when the Davos elite fly in hundreds of business jets to sample European prostitutes? Is it because it’s pointless?
Source: SkyNewsAust - 🏆 7. / 78 Read more »