Brisbane Times
·general
·1 hour ago
RBA raises cash rate to 4.35 percent, adding pressure to mortgage holders
The Reserve Bank raised Australia's cash rate to 4.35 percent on Tuesday, adding $76 monthly to a $500,000 mortgage. Mortgage brokers report unprecedented caution among buyers and borrowers, who now stress-test affordability against multiple rate increases rather than borrowing maximum amounts. Consumer confidence has weakened further due to geopolitical tensions and rising living costs.
Summary by Glance · Brisbane Times
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