05/07/2022
The Reserve Bank of Australia has revealed its cash rate decision for July 2022. They have raised the cash rate from 0.85 per cent to 1.35 per cent โ a rise of 0.5 per cent.
The interest rate affects the total amount youโll repay over the life of your home loan. Generally, any changes in the interest rate changes the total amount your home loan will cost you.
For your options regarding your home loan, please refer to our article here: https://bit.ly/3yjAAn1