Yellow Brick Road Home Loans Executive Chairman Mark Bouris says the RBA’s interest rate hikes are mentally affecting borrowers.
“You can’t keep whacking these borrowers, these mortgage holders in Australia, particularly those who borrowed two or three years ago.“There seems to be a massive lack of empathy and or feeling from our Reserve Bank when they talk about these interest rate rises.
“They keep talking about data and global inflation … who cares – start to think about what effect you’re having on Australians.”
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