Economists say interest rates will rise this year – some are predicting a 15-basis point rise as early as June. So, what does that mean for the average mortgagee?

 

We talk to AMP chief economist Shane Oliver, to find out how many Australians will go into mortgage stress if rates rise, as predicted, by one percent in the next twelve months.

 

With a federal election due in May, both Anthony Albanese and Scott Morrison will be trying to convince Australians their side of politics is the better economic manager – and they can keep interest rates low.  Well, can they?  And how will you be affected by climbing interest rates?

 

Todays Headlines

• The Queen tests positive for Covid-19
• Australia opens its borders
• PM calls for explanation after China aimed laser at RAAF aircraft
• Atlassian co-founder looks to speed green energy transition
• The Winter Olympics draws to a close

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