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Why exactly has the Reserve Bank of Australia lifted the cash rate so much, so soon?
This week’s episode of Secrets of the Top 100 Agents sees Grace Ormsby sit down with RateCity research director Sally Tindall to unpack the reasoning behind the Reserve Bank of Australia’s decision to lift rates by half a per cent on 7 June 2022.
Discussing the ramifications of such a sharp increase – and acknowledging the likelihood of an identical hike in the not-too-distant future, the pair contemplate what it could mean for Australian mortgage holders – and who will and won’t be affected by the changes.
In this episode, you will hear:
- How mortgage holders can brace for the impact of higher interest rates
- Just how much more Australians will be paying on their home loans
- When to expect rate rises in 2022 – and just how high the RBA will go
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