The housing game has changed – interest rate hikes hurt more than before
- Written by Joey Moloney, Senior Associate, Grattan Institute
ShutterstockThe Reserve Bank has lifted the cash rate for the second time in two months, this time by 0.50 points to 0.85%.
It won’t be the last such hike. Forecasters expect the cash rate to hit 2.5% by the end of next year. This would lift the typical variable mortgage rate to near 5%.
Cue the claims that the new generation of borrowers are...







