#526 Rate Hikes, the Surcharge Ban and Where Markets Are Heading

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Four rate hikes this year, inflation back near 4%, surcharges gone and prices somehow higher. Ben and Siobhan cut through the headlines and get to what it actually means for your money. On a $1.5 million mortgage, this year's hikes cost about $969 a month, or roughly $22,000 of salary on the top tax rate. They cover the loyalty tax your bank is charging you, why your 5% savings account is still going backwards after tax and inflation, and the ATO backflip that means business owners can keep paying tax by credit card until 30 June 2027. Plus the trust tax election, the 1 July 2028 deadline, and why falling property prices can work in an upgrader's favour. CHAPTERS 00:12 Intro: rates,…