RBA rate rise: Mortgage costs increase by thousands of dollars

Nadine Morton
Updated October 3 2022 - 7:13am, first published 7:00am
A rate increase at RBA's October meeting could put family holidays on pause for some people. File picture
A rate increase at RBA's October meeting could put family holidays on pause for some people. File picture

Holidays will be cancelled and nights out cut short, with a sixth consecutive RBA rate rise to add more than $3000 each year to the cost of a $400,000 mortgage.

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Nadine Morton

Nadine Morton

Senior journalist

Breaking news journalist at the Illawarra Mercury. Email: nadine.morton@austcommunitymedia.com.au

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