Hi Rameez, yes there has been a trend to higher interest rates elsewhere and yes maybe they should have started here a tad earlier but the problem is that we have not had a level of wages rises that kept up with inflation and also the fact that we have a massive housing affordability problem in Australia. So yes, interest rates are going up regardless but the structural problems that have not been addressed for at least a decade mean it will be a hard fall for many, issues for which the govt is responsible.
