|WACOSS CEO Louise Giolitto said that while today’s decision to pause interest rate rises was the right thing to do, it would not provide any relief for Western Australians who were already struggling to make ends meet.
“For the thousands of Western Australians coming off fixed-rate loans over the next six months today’s interest rate pause will provide little relief in the context of the twelve interest rate rises that came before it,” Ms Giolitto said.
“Families are already struggling to keep a roof over their head and put food on their table each night, and the community sector continues to see unprecedented demand for emergency relief. Meanwhile, corporate profits continue to soar.
“It is incumbent on state and federal governments to do more by better regulating the rental market and doing more to reduce energy costs. In particular, we want to see a re-introduction of a rent relief subsidy scheme in Western Australia to ensure that struggling families can keep a roof over their head.”