What the interest rate rise means for homeowners

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Manage episode 327895727 series 2476286
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There are three words that strike fear into the heart of any homeowner, and those are: interest rate rise. On Tuesday, the RBA raised the official cash rate by 0.25% to 0.35% and signalled there was more to come. This was swiftly passed onto homeowners, with several banks raising their interest rates on the same day. But should you be worried? Well, it depends on who you are. Join Joey Moloney, Alex Ballantyne, in conversation with Kat Clay, on what the interest rate rise means for homeowners. Articles discussed in the podcast: https://grattan.edu.au/news/australia-is-not-having-the-housing-debate-we-have-to-have/ https://grattan.edu.au/news/interest-rates-are-about-to-rise-how-worried-should-you-be/

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