Another interest rate hike looms as PM faces trust crisis | Sunrise

Australian families face a potential fifth interest rate hike for 2026 on Melbourne Cup Day, which would bring the cash rate to an 18-year high and add approximately $600 per month to average mortgage repayments. The Victorian state election shows the Coalition leading Labor 56-44 on a two-party preferred basis, with factors including state debt, corruption allegations and leadership changes working against the incumbent government. Prime Minister Anthony Albanese faces scrutiny over a $6 million grant to a golf club in his electorate, raising questions about trust and government transparency. Get the latest news » https://7news.com.au 7Plus » https://7plus.com.au/ More from Sunrise » https://sunrise.com.au Subscribe to Sunrise » https://7news.link/SunriseSubscribe Subscribe to the Sunrise newsletter » http://7sunrise.link/Newsletter Connect with Sunrise online: Facebook »   / sunrise   Instagram »   / sunriseon7   TikTok »   / sunriseon7   X » https://x.com/sunriseon7 #SunriseOn7 #7NEWS