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Interest rates set to rise: what does that mean for you?

Interest rates set to rise: what does that mean for you?

The Reserve Bank looks set to lift interest rates after a year of cuts - adding around $90 a month to a typical $600,000 mortgage. If there are three hikes, that’s an extra $3,200 a year. What does it mean for you?

The Economy, Stupid · Australian Broadcasting Corporation

January 29, 202629m 34s

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Show Notes

The Reserve Bank looks set to lift interest rates after a year of cuts - adding around $90 a month to a typical $600,000 mortgage. If there are three hikes, that’s an extra $3,200 a year. What does it mean for you?