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this post was submitted on 05 May 2026
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AusFinance
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There should be an mutually tied tax for this. When the rate goes up for borrowers so does the tax on retirement savings. It's bullshit to hit the people with the most expenses only.
Probably doesn't need to just hit "retirement savings" but you could say savings as a whole. At least that way offset accounts wouldn't be negatively impacted.
We could also not hit people with mortgages at all. In the US all mortgages are fixed-rate for the whole term of the loan.
sure, you'd need to socalise banking for that to occur, it's only because of US Government backed Freddie and Fannie offering that deal that commercial banks had to compete.
ues, but that change won't come by voting ALP/LNP/ONP (the latter just hate ex-pats)
Until the Overton Window moves nothing much changes.