Tag: rba

• How much can you borrow?

  With the most recent interest rate hike many Australians can’t borrow as much as they could previously. This in turn has stopped many entering the property market. An Aussie on an average salary can borrow almost $140,000 less than they could in April after eight interest rate hikes, making it much harder to break into…

• RBA lifts rates again

  Great another 0.25% increase and just before Christmas. In the final decision for 2022, the RBA pushed up rates for the eighth consecutive month, after hikes began in May from a record low of 0.1 per cent. It means rates have jumped again from 2.85 per cent to 3.1 per cent, which will lift the…