Daily Archives: 8 May, 2026

RBA RATE HIKE PILES PRESSURE ON LABOR’S MORTGAGE BELT

The Reserve Bank’s latest decision to lift the cash rate by another 0.25 percentage points will heap further financial pressure on Australian families already struggling under the weight of rising mortgage repayments, persistent inflation and higher living costs.

SURVEY SHOWS PERTH COSTS RISING FASTER THAN WAGES

SENATOR DEAN SMITH SHADOW ASSISTANT MINISTER TO THE SHADOW TREASURER SHADOW ASSISTANT MINISTER FOR THE COST OF LIVING LIBERAL SENATOR FOR WESTERN AUSTRALIA 8 May 2026 SURVEY SHOWS PERTH COSTS RISING FASTER THAN WAGES Perth families are being hit hardest by Australia’s cost-of-living crisis, with consumer prices rising 27 per cent over the past five…