03 Nov 2026, 08:15 AM

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Reserve Bank is expected to raise interest rates to an 18-year high on Tuesday, the fifth hike this yearUse our loan calculator to check how a rate rise may affect youGet our breaking news email, free app or daily news podcastHow would your mortgage change? For someone with an average-sized new mortgage of $731,000, paying a typical rate of 6.2%, a 0.25 percentage point rate increase would add about $119 to their $4,596 monthly repayments.I know they’ve got a just difficult decision to make. I accept that, but we’ve got to be careful that in their efforts to slow down the economy, they don’t stop it dead.This is an extra hit to a pay packet that many people haven’t budgeted for, are not ready for. It’s going to have a massive impact on our economy. Continue reading...

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