The Reserve Bank is expected to take the cash rate to its highest point in over a decade, as its past hikes start to bite households.
The RBA board is widely anticipated to announce a 25 basis point rise when it meets on Tuesday, taking the cash rate to 3.35 per cent.
RateCity says this will mean an extra $908 a month in total for the average borrower with a $500,000 loan, since the start of the hikes last May.
