Home buyers and property investors are bracing for more mortgage misery, as cash rates and repayment costs are set to rise for the fifth successive month.
More than nine out of 10 economists expect cash rates to rise at Tuesday’s Reserve Bank of Australia meeting, with about two-thirds predicting a 0.5 of a percentage point increase, which would take the cash rate to 2.35 per cent, according to a survey by comparison website Finder.
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Duncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au