Economic growth slows, households reel from inflation surge, APRA wants of "sizeable repayment shock" as fixed rate mortgages end

The new Labor government faces the massive task of dealing with the surging cost of living and the outlook for falling house prices as official interest rates rise. 

Official GDP figures out today are expected to show slowing economic growth from Omicron and floods in northern NSW earlier this year. 

Corelogic house price data shows real estate prices falling in Sydney and Melbourne for the first time since September 2020. 

I spoke with Kim Landers on the ABC's AM program