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Newcastle Herald

Jade Lazarevic

'We have budgeted for the worst': RBA lifts cash rate

RBA Anthony Merlo Graham Cooke Luke Interest Rates CoreLogic Newcastle

HOME owners are facing bigger mortgage repayments after the Reserve Bank Australia handed down its eleventh rate hike in 12 months at Tuesday's meeting.

First home buyers Luke and Rebecca Fuller said they are "playing it by ear" after the Reserve Bank Australia lifted the cash rate for the 11th time in a year. Picture supplied.

The increase of 25 basis points lifts the cash rate to 3.85 per cent.

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