Australians face higher mortgage costs with another rate hike all but certain. When will the rises stop?

Reserve Bank of Australia governor Philip Lowe and the board are expected to announce another rise in the official cash rate on Tuesday.Australia's central bank is set to hike the official interest rate again on Tuesday amid fears for cash-strapped mortgage holders, with more seeking help amid signs further increases are on the cards.

But people such as Mortgage Stress Victoria legal director Matthew Martin, paint a dire picture of the situation those who aren't ahead on their repayments are facing. "Previously we only saw about 5 per cent of our casework in the later stages of mortgage stress — so where clients have been sued in court or repossession is imminent," Mr Martin said.

"So their interest rates have been really low and their mortgages have been really big, and that's a recipe for disaster when interest rates go up," Ms Azize said. "[The cash rate] may reach 2.35 per cent by the year's end, and I think the peak will be 2.6 per cent which we'll reach in January or February," Mr Oliver said, adding that the RBA may then hold and assess what impact it has on inflation.

Sack him

Lift them very HIGH please and vote NO in the referendum thank u

You will own nothing and be happy.

Increasing interest rates will end the war in Europe, stop COVID making people sick, bring down energy costs and make vegetables grow faster Amazing things interest rates, powerful too. Can stop an economy in its tracks. Has anyone considered the option that Friedman was wrong?

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Coalition attempts to trip up PM over cash rateAnthony Albanese has accused the Opposition of not “taking responsibility” for its failures in government as the Coalition continued its attack on Labor over rising cost of energy and surging mortgage repayments. Former govt minder here. Said it before the election: whoever won power would face very difficult economic challenges. To date Albanese seems to have spent more time talking Aboriginal issues than economic ones. Rising cost of living did not occur in the last 9 weeks. It happened under the watchful(sic) eye of the LNP over the last 9 years. auspol
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RBA rate rises tipped to slow bank mortgage growthAs interest rates climb, analysts predict the big banks will face slower growth in their lucrative mortgage portfolios | clancyyeates clancyyeates Nothing risky about banks lending on the safest asset class. We need banks lending where our economy needs growth, in new industries. Move houses off bank balance sheets to free capital for growth sectors. auspol
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