The Australian Reserve Bank has lifted interest rates eight ti | Trading Signals & Education

The Australian Reserve Bank has lifted interest rates eight times this year – the most aggressive cycle of rate rises since 1994.

How does the interest rate increase affect you directly?
Here is the Australian example: ($ = AUD)
Home loan repayment increase for a $500,000 loan based on the average variable interest rate: 5.72%.
The numbers show the increase in the repayment of your loan compared to the interest rate before the last change (2.85%)

1. Interest Rate: 3.1% (current rate)
Repayment increase by: $80 a month (+$960 a year)

2. Interest Rate: 3.35%
Repayment increase by: $160 a month (+$1,920 a year)

3. Interest Rate: 3.6%
Repayment increase by: $242 a month (+$2,904 a year)

4. Interest Rate: 3.85%
Repayment increase by: $325 a month (+$3,900 a year)

5. Interest Rate: 4.1%
Repayment increase by: $408 a month (+$4,896 a year)


The interest rates shown above are a very realistic scenario and are in line with the expectations of most major banks.

Take responsibility for your money, investment it wisely and safely.