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Newcastle Herald
Newcastle Herald
National
Jade Lazarevic

No Christmas miracle: RBA lifts cash rate to 3.10 per cent

HOMEOWNERS in Newcastle and Lake Macquarie could pay an extra $107 on their monthly mortgage following the latest cash rate hike.

Homeowners in Newcastle and Lake Macquarie are set to pay more on their monthly mortgage following the latest cash rate hike. It marks the eight consecutive increase since May. Picture Max Mason-Hubers.

The Reserve Bank of Australia increased the cash rate a further 25 basis points on Tuesday, taking it up to 3.10 per cent.

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