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The Guardian - AU
The Guardian - AU
National
Patrick Commins and Catie McLeod

‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers

Gerard Burg Sally Tindall Interest Rates Sydney
New houses being built in western Sydney.
New houses being built in western Sydney. Photograph: Dan Himbrechts/AAP

The third Reserve Bank rate hike in a row has delivered a blow not only to mortgaged homeowners, but also to those hoping to break into the property market like Dani Hunterford and her husband.

They have been saving for a deposit but have been left frustrated as another rate hike appears to put their homeowning dream out of reach again.

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