Rates rises to be capped at 4 percent

Lower rate rises are somewhere in your future - with officials estimating you'll save an average $34 a year from a new rates cap. The coalition has confirmed it will begin legislating the rates cap this year - but won't complete the process until after the election. If it is fully passed, then from mid-2029, councils won't be able to increase rates by more than 4 percent a year. Deputy political editor Craig McCulloch spoke to Lisa Owen.