Mortgage stress now grips 42 per cent of Australian households, according to a UNSW City Futures Research Centre survey. This is a sharp increase from 30 per cent in February 2020.
In another victory for the grassroots campaign that exposed the real agenda behind Scott Morrison’s unlawful removal of Australia Post CEO Christine Holgate, two of the Big Four banks have recommitted to Australia Post banking services long-term.
The Senate’s Australia Post inquiry report, tabled in Parliament yesterday (15 June), was the culmination of the amazing campaign to support Christine Holgate and the thousands of Licensed Post Offices (LPOs) she saved with her 2018 banking deal.
To free community post offices from bad management and banks, and guarantee financial services in regional and abandoned communities, turn each post office into a branch of a people’s bank.
