Daily Archives: 05/05/2010

RBA's rate increase nightmare for first home buyers

MORE than 90,000 recent first-home buyers could be forced out of their homes because interest rates have risen faster than expected. They have been caught out by the Reserve Bank’s increase in rates – yesterday’s increase to 4.5 per cent was the third in three months and the sixth since October. The hike means repayments on a $300,000 mortgage will ...

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