SMH
·general
·1 hour ago
RBA raises cash rate to 4.35 percent, adding $76 to mortgages
The Reserve Bank lifted Australia's cash rate to 4.35 percent on Tuesday, adding $76 monthly to a $500,000 mortgage repayment. Mortgage brokers report unprecedented caution among buyers and borrowers since March, with customers now stress-testing loans for multiple rate rises rather than borrowing maximum capacity. Uncertainty from geopolitical tensions and cost-of-living pressures are deepening consumer concern about future repayments.
Summary by Glance · SMH
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