Interest Rates

Interest Rates Reached an All-Time High in Australia Your Content Goes Here People who own houses in Australia have been fuming at the several interest rate increases that occurred recently. After being burdened by four different rises in interest, homeowners now have to handle a fifth one, which will make some pay an additional $1,000 monthly. Australian homeowners with a mortgage of $800,000 will now have over $4,300 in repayments every month. This all comes after a meeting held by The Reserve Bank. The cash rate was increased by 50 basis points by the board, something that [...]