With the cost of living expenses rising across the country, doesn’t it seem counterintuitive to add more pressure to Australians’ wallets by increasing their mortgage payments? Paul Glossop, chief executive of finni.com.au, joins host Phil Tarrant to explain the economics behind the RBA’s series of rate rises and why stifling consumer spending will benefit the Australian economy and, therefore, its residents, even if it comes with some interim financial pain. Roughly a third of Australians have a mortgage, so rate hikes are a major way of shaping spending behaviour and encouraging consumers to “tap the brakes”. But that doesn’t mean that all property owners have to suffer under the current course of tightening. Paul explains that there are steps you can take to ensure your wider financial portfolio is still performing for you. The losers, he warns, will only be those who are lazy with their money. If you like this episode, show your support byrating us or leaving a review on Apple Podcastsand by following Smart Property Investment on social media:Facebook,TwitterandLinkedIn. If you would like to get in touch with our team, emaileditor@smartpropertyinvestment.com.aufor more insights, or hear your voice on the show by recording a question below.