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The New Daily
The New Daily
Business
Euan Black

‘A taste of what’s to come’: Home owners slugged with second rate hike

The RBA has hiked interest rates for the second time in as many months. 10 News First – Disclaimer

Home owners could see their monthly mortgage bills rise by hundreds of dollars in coming weeks after the Reserve Bank hiked interest rates for only the second time since 2010.

Westpac became the first major lender to pass on the rise, announcing on Tuesday night it would lift its variable home-loan rate by half a percentage point.

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