Rate rise means renters and mortgage holders cop the pain for Labor’s inflation failure
Rate rise means renters and mortgage holders cop the pain for Labor’s inflation failure | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news Rate rise means renters and mortgage holders cop the pain for Labor’s inflation failure 2026-02-03 Today’s interest rate rise means millions of Australians will be punished to clean up Labor’s inflation mess, driven by an overheated housing market the government refuses to fix, the Greens say.
“Renters and mortgage holders are getting smashed by the RBA, but it's Labor's failure on inflation that is responsible,” Greens Economic Justice spokesperson Senator Nick McKim said. “Today’s interest rate rise is pure profit for the big banks, while mortgage holders and renters are being pushed deeper into pain.” “Labor has chosen to protect billions in tax handouts for property speculators instead of helping renters and first home buyers.” “Those settings drive up house prices, push up rents, and keep inflation high.” “As a result of today’s rate rise, more of people’s pay packets will now flow straight into bank profits and landlord pockets.” “This outcome was avoidable if Labor had acted to rein in investor tax breaks, including the capital gains tax discount.
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