Stand by for the oddly designed Stage 3 tax cut that will send middle earners backwards and give high earners thousands
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
ShutterstockThe Reserve Bank is pushing up interest rates to take money out of our hands.
The first increase in the current round will add about A$65 a month to the cost of paying off a $500,000 mortgage.
The second will add a bit more. If, as the bank’s forecasts assume, there are another four such increases this year, that’s a...
