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ABC News
ABC News
Business
business reporters Nassim Khadem and Rachel Pupazzoni

Reserve Bank lifts interest rates by higher-than-expected half a percentage point, causing more pain for borrowers

Sarah Treloar was prepared for the repayments on her first apartment to start increasing straight away. (ABC News: John Gunn)

When first home buyer Sarah Treloar took out a mortgage to buy an apartment in the western Sydney suburb of Homebush about a month ago, she was prepared for her interest rate to go up almost immediately.

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