Rationalising the 50-basis point rate hike

Why exactly has the Reserve Bank of Australia lifted the cash rate so much, so soon? This week's 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's decision to lift rates by half a per cent on 7 June 2022. Discussing the ramifications of such a sharp increase – 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 – and who will and won't 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 – and just how high the RBA will go Make sure you never miss an episode by subscribing to us now on Apple Podcasts. Did you like this episode? Show your support by rating us or leaving a review on Apple Podcasts (REB Podcast Network) and by liking and following Real Estate Business on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend a voice to the show, email [email protected] for more insights.