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# Oh, Joy: Another Interest Rate Rise
- URL: https://goodoil.news/oh-joy-another-interest-rate-rise/
- Published: 2026-09-24T02:30:09.000Z
- Updated: 2026-09-24T02:30:08.000Z
- Description: Australians are being driven out of home ownership – and families.
- Author: Lushington Brady
- Tags: AUS Politics, Economy

Here we go again: another month, another interest rate rise. The 15th since Albanese and his merry gang of economic imbeciles fell into government. Will this be the one to finally push young homeowners to the wall? The concatenation of rate rises has driven annualised interest payments to banks up by approximately $212 billion since the increases began. This makes the cost of not just holding a mortgage but trying to run a business ever more expensive.

> [All four major banks](https://www.abc.net.au/news/2026-09-22/rba-governor-michele-bullock-interest-rate-increase-predictions/107181326?ref=goodoil.news) and the bulk of money market traders believe the Reserve Bank will raise interest rates next week and governor **Michele Bullock** did nothing to dissuade them in her last public appearance before the meeting.

Hypocritically for a government that bangs on so much about ‘intergenerational equity’, Albanese and Chalmers are hammering the young and cosseting the old. While home loans, mostly taken out by young people, become eye-wateringly expensive, large deposit holdings, typically held by the old, are reaping the reward of the government’s incompetence and addiction to spending – which is practically the sole driver of inflation – and that in turn prompts the Reserve Bank to keep ratcheting up rates.

Continuing rate rises are also pushing more and more young homeowners, who took advantage of the honeyed poison of low-deposit loans encouraged by the government, into the likelihood of negative equity. That is, owing more for their homes than the house is actually worth.

To really rub home the pain for young Australians, the RBA is openly encouraging the government to put more people out of work.

> “Between 4.5 and 5 \[per cent unemployment\] will probably take enough heat out of the labour market that eases pressure on inflation,” she said.

It’s a grim farce. We are told that ‘tightening’ is the only path to salvation, yet the state continues to act like a sailor on shore leave with a burning credit card. While the RBA demands more unemployment to temper demand, the government continues to import humanity at a record clip, ensuring that housing remains as scarce as common sense in the Treasury department.

The consequences of this managerial mania are not merely confined to the ledgers of mortgagees: they are etching themselves into the very demography of our nation. A society that makes the cost of existence so prohibitive that it deems children a luxury item is a society that has lost its will to survive. We are witnessing the managed extinction of the middle-class family, replaced by the atomised, debt-serviced, urban drone.

**Georgie Dent**, CEO of The Parenthood, has laid bare the grim arithmetic of our decline.

> [Australians are being priced](https://www.theage.com.au/national/australians-are-at-risk-of-being-priced-out-of-parenthood-expert-warns-20260922-p60z9c.html?ref=goodoil.news) out of parenthood. The latest intergenerational report paints a disastrous picture, showing fertility rates expected to plummet to 1.34 by 2065–66\. When the cost of raising a single child reaches $17,800 a year, and double that for two or more, the dream of a large, thriving family becomes a fiscal impossibility for the average young household.

Therein lies the true, silent tragedy. While the technocrats in Canberra congratulate themselves on their economic metrics, they are presiding over a scorched-earth policy regarding our biological future. A nation that cannot afford to reproduce its own people is not a nation – it is merely a holding company for global capital and a dumping-ground for the fecund detritus of the Third World. The ruling class expects our young to shoulder the triple burden of ruinous mortgages, stagnating wages and the exorbitant cost of child-rearing, all while demanding they remain compliant, tax-paying participants in their own demographic replacement.

Tell us again that the Great Replacement is ‘just a conspiracy theory’.

As the cash rate marches toward 4.85 per cent, and the birth rate retreats into the abyss, the economic imbeciles remain unfazed. After all, when the final tally is taken and the last young family has been dispossessed, there will still be plenty of empty, high-density units for the next generation of government-subsidised arrivals to occupy. The maths is simple, the outcome is intentional and the betrayal is complete. We are being managed into nothingness, one interest rate hike at a time.

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