Andre Lattouf bought his first home in the middle of last year but after facing eight interest rate rises he is already looking to sell. “It’s choking us,” the father of three says. “It’s frustrating and sad. We spent so much time renovating this place and putting so much into it, but my mortgage repayments have almost doubled and it’s becoming a joke.”
On Tuesday the Reserve Bank of Australia paused its interest rate hikes for only the second time this year, leaving the cash rate at 4.1% – the highest in 11 years.
