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ABC News
ABC News
Business

How the latest RBA interest rate rise will impact WA, the most mortgaged state in Australia

RBA Australia Mark McGowan Steve Thomas Inflation Western Australia Economy

Western Australia is by far the most mortgaged state in Australia, but the latest rate rise does not mean it is all doom and gloom.

Yesterday's decision by the Reserve Bank of Australia to increase the cash rate target to 2.35 per cent means an average West Australian household will be paying an extra $621 on their mortgage each month.

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