Rationalising the 50-basis point rate hike
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Why exactly has the Reserve Bank of Australia lifted the cash rate so much, so soon?
This week\\u2019s episode of Secrets of the Top 100 Agents sees Grace Ormsby sit down with RateCity research director Sally Tindall to unpack the reasoning behind the Reserve Bank of Australia\\u2019s decision to lift rates by half a\\xa0per cent\\xa0on 7\\xa0June\\xa02022.
Discussing the ramifications of such a sharp increase \\u2013 and acknowledging the likelihood of an identical hike in the not-too-distant future, the pair contemplate what it could mean for Australian mortgage holders \\u2013 and who will and won\\u2019t be affected by the changes.
In this episode, you will hear:
- How mortgage holders can brace for the impact of higher interest rates
- Just how much more Australians will be paying on their home loans
- When to expect rate rises in 2022 \\u2013 and just how high the RBA will go
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Did you like this episode? Show your support by\\xa0rating us or leaving a review on Apple Podcasts\\xa0(REB Podcast Network) and by liking and following Real Estate Business on social media:\\xa0Facebook,\\xa0Twitter\\xa0and\\xa0LinkedIn.
If you have any questions about what you heard today, any topics of interest you have in mind, or if you\\u2019d like to lend a voice to the show, email\\xa0editor@realestatebusiness.com.au\\xa0for more insights.