Another rate rise expected to pile on mortgage pain today

This increase will mean a mortgage holder with a $750,000 loan will face a monthly increase of $211.Since May, that hypothetical homeowner has had an extra $708 tacked on to their repayments.And there are fears the RBA could lift rates even higher than predicted.Experts say the more rate hikes we see and the bigger they are, the more downward pressure it will place on the property market, after national housing prices fell for their third month in a row in July.

RBA governor Philip Lowe, is facing fresh criticism for remarks he made last year when he said it was likely the cash rate would remain at 0.1 per cent until at least 2024, and the rising cost of living is causing a political fight. Prime Minister Anthony Albanese says members of the Coalition are kidding themselves if they argue that rates would not have risen under them.

Stuck between a rock and a hard place. Pop

Deposit interest is so low it's better to stash the cash under the mattress and collect more bed bugs !!

Jimbo… no plan, no idea. In the treasurers own words… we just have to weather it.

during election Jim & Albo kept saying we have a plan. where is the plan? the debt was known to all before the election so this is no excuse. a plan is not saying it will get worse before better - perhaps the gov should start saying it will get worse before it gets even worse!

Banks not passing on interest rate increases to savers! Let's name and shame them! ANZ NAB COMBANK STGEORGE

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