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The Canberra Times

National

Brittney Levinson

'Hold tight': Home owners brace for rate hike

Bernadette CoreLogic Keegan Carroll Canberra

Recent buyers Bernadette and Terry Keel said an interest rate rise was something they factored in when purchasing their home. Picture: Keegan Carroll

With an interest rate rise expected as early as Tuesday, home owners are preparing for an increase on their mortgage repayments.

Analysts from property data firm CoreLogic expect a lift in the cash rate to ease demand for new mortgages and add downward pressure on the rate of housing price growth.

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