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Rise High, Part of the UFinancial Group

What a Rate Hike Means for Homeowners and Buyers

When the Reserve Bank of Australia (RBA) lifts the official cash rate, it’s known as a rate hike. These increases are usually introduced to slow inflation and stabilise the economy — but they can have a direct impact on anyone with a mortgage or anyone planning to buy property.

So what does a rate rise actually mean for you? Let’s break it down.