Based on RBA assumptions, around 1.3 million households would be affected. 9News
That has turned out a duff - and for some, very costly - prediction.by half a percentage point when it meets next month.Speaking last week
Those borrowers would experience a median increase of around $650, or 45 per cent, in their monthly repayments, Bullock said."That's huge," Mousina said, while also suggesting the deputy governor had "kind of underplayed the potential impact to households" during her speech to the Economic Society of Australia.
"But I think it's fair to say that households will struggle with higher interest rates, given the quantity of households that are going to see a very large lift in repayments. "That's obviously negative for household wealth, and for people's perception of their wealth," she said.
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