The Age
·general
·1 hour ago
RBA raises cash rate to 4.35 percent as mortgage stress peaks
The Reserve Bank lifted Australia's cash rate to 4.35 percent on Tuesday, the third consecutive increase this year, adding $76 monthly to a $500,000 mortgage. Mortgage brokers report unprecedented caution among borrowers, who now stress-test repayments against potential future rate rises.
Summary by Glance · The Age
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