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Property buyers brace for new round of interest rate hikes as funding costs rise

Lenders are increasing property borrowing rates in response to rising wholesale and regulatory costs, despite Reserve Bank of Australia cash rates being likely to remain static at this month's board meeting.

Suncorp Bank and listed lender MyState are increasing rates on a range of mortgages, or lines of credit, by up to 25 basis points in response to increased funding pressures, they have announced.

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Duncan Hughes was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/property/property-buyers-brace-for-new-round-of-interest-rate-hikes-as-funding-costs-rise-20180402-h0y84j