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Newcastle Herald
Newcastle Herald
National
Jade Lazarevic

CoreLogic report reveals region's rate rise sticker shock

WHEN Gavin McCulloch and his wife purchased their Maryland home five years ago, Australia's cash rate sat at 1.50 per cent.

Maryland homeowner Gavin McCulloch refinanced his mortgage earlier this year after the first RBA rate rise in May. Picture Max Mason-Hubers.

"Because of that we were able to lock in a really good rate," Mr McCulloch said.

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