Australian ‘reality’ settles in under Labor and 12 interest rate rises

Broadcaster and wordsmith Kel Richards discusses the Australian “reality” as homeowners are hit hard under Labor’s economy with the 12 interest rate hikes in a row. “What has happened with mortgages because mortgage pain has already hit,” Mr Richards said. “The actual payments people have had to make to keep up with their mortgages, 12 … in a row.”