A NEW nationwide analysis has revealed the Australian suburbs worst impacted by rising mortgage repayments under the Albanese Government – and Forde suburbs are at the forefront in the damning revelations.
Undertaken by the Federal Parliamentary Library, the survey covers the 50 suburbs in each capital city that experienced the most drastic repayment increases between March 2022 and September 2024.
Repayments in Eagleby, the worst escalation in Queensland, increased by 177.5 percent, equal to $1,760 more every month, while Woodridge was just behind at 172.5 per cent, or $1,407.
At the heart of Forde, in Beenleigh, the suburb was the third worst hit in Queensland, with a 171.4 per cent rise in the past two years.
These findings highlight the direct consequences of the Albanese Government’s economic mismanagement and skewed priorities on Australian mortgage holders.
Treasurer Jim Chalmers’ own Rankin suburb of Woodridge was not immune.
Notably, the nation’s worst impacted are suburbs in electorates represented by Labor in the Federal Parliament – including Spence, Perth, Burt, Rankin, Kingsford Smith, Watson, Fraser and Chisholm.
Instead of being rewarded for their vote, these constituents are being pushed to the brink by a government they elected to be represent their interests.
This data leaves no doubt of how tough Australian households, regardless of what city they are in, are doing under the Albanese Labor Government.
A dozen interest rate rises, fuelled by Labor’s spending and economic mismanagement, are pushing Australian mortgage-holders to the edge – and, while last week’s rate cut is welcome, it will take far more than one or two to repair the damage Labor has inflicted.
On Labor’s watch, people in Eagleby and Beenleigh have seen a 32 per cent rise in electricity costs, 32 per cent rise in gas and now 170-plus per cent mortgage repayment rises.
The Coalition understands Australians should not be forced to choose between making mortgage repayments and putting food on the table, which is why we have a plan to get our economy back on track and address the housing crisis under a Dutton-led Government.
