We know that markets and economies ebb and flow, so could the surprise rate rise be a sign from the RBA that the future is not looking too bad?
cash rate
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Australians with a mortgage are in for another hit to their home loan repayments after the Reserve Bank lifted interest rates by a further 25 basis points at its October board meeting.
Aussie homeowners with a mortgage are in for yet another round of repayment increases following the RBA decision to lift interest rates by a further 50 basis points at its September board meeting.
The official cash rate has hit the highest point it's been since April 2016 following the RBA's decision to increase rates by 50 basis points to 1.85%.
With uncertain times ahead after two interest rate hikes in as many months, we look back at the last time the country saw consecutive cash rate increases.
Interest rates are now back to pre-COVID levels following the Reserve Bank's decision to lift the official cash rate by 50 basis points to 0.85% at its June board meeting.
Experiencing your first interest rate rise as a home owner? Here's what is happening, why it's happening, and how it will affect your home loan.
Struggling to pay your mortgage after this week's interest rate rise? Don't be afraid to reach out to your bank to find out what payment relief is on offer.
The Reserve Bank has raised the cash rate for the first time since November 2010, with more hikes expected in the coming months.
With interest rates set to rise in just weeks, refinancing your home loan now could save you tens of thousands of dollars over the life of your mortgage.
