Cheaper to buy on average FHB loan size Vs. median rents in most capital cities: Mortgage Choice But 1% rate rise could hike mortgage repayments by $41 per week or $164 per month! Borrowers need to prepare for rising rates: add 2% buffer to budget
First home buyers: be prepared for rising interest rates!
Did you find this helpful? Why not share this article?
RateCity
At RateCity, it’s not just our expert money writers and news journalists that are passionate about helping Aussies save money. Stories are also published by our experienced data analysts, property experts, and product marketing team using this byline.
Money Health Newsletter
Subscribe for news, tips and expert opinions to help you make smarter financial decisions
By signing up, you agree to the RateCity Privacy Policy, Terms of Use and Disclaimer.
