Yesterday’s 0.5% hike in the official cash rate (OCR) by the Reserve Bank of Australia (RBA) sent another arrow through the hearts of Australian mortgage holders. Following three consecutive monthly rate hikes, the OCR has lifted to 1.35%, up from April’s record low of 0.1%. In a matter of days, every variable mortgage holder in
The post Australian home owners banished to mortgage hell appeared first on MacroBusiness.
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