Australia’s retail sales growth can’t last. Here’s how to prepare for it

The latest retail sales figures are really quite incredible. According to the Bureau of Statistics (ABS), retail sales rose by 0.6 per cent from August to September, the same figure as the month prior. It almost beggars belief considering interest rates have increased seven times since May with the Reserve Bank recently announcing another 0.25 per cent hike, adding an estimated $74 a month to repayments for Aussies with a $500,000 loan. The folks leveraged to the hilt with a $1 million mortgage

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