Used car prices have skyrocketed, leaving many Aussies drastically under-insured, and one in two property investors fail to plan. Here's what you've missed.
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%.
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.
The majority of Aussie mortgage holders aren't prepared for rising interest rates, and one in two can only afford to pay an extra $201 a month on their loan.
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