Rising Mortgages Not at ‘Catastrophe’ Level: Shorten

Rising Mortgages Not at ‘Catastrophe’ Level: Shorten
Bill Shorten at Parliament House in Canberra, Australia on March 29, 2022. Martin Ollman/Getty Images
Rebecca Zhu
Updated:

Government Services Minister Bill Shorten said he would not describe the current situation where households are struggling to repay mortgages under high-interest rates and inflation as a “household catastrophe.”

“I wouldn’t use such language to be honest,” he told ABC radio on April 13.

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