Reserve Bank of Australia – Interest Rate Increase

We were warned and now it’s official – the Reserve Bank of Australia (RBA) have lifted the official interest rate for the first time in more than 11 years.

The 0.25 percent increase to 0.35% means that today many homeowners are experiencing their first ever interest rate rise, which can be scary given that the cost of living is rising too.

How does the recent RBA interest rate rise affect you?

If you haven’t reviewed your home loan in a while, there’s never been a better time. Distinct Conveyancing Blackwood work with some of the best brokers in the business – let us know if you’d like an introduction.

Contact us today:

(08) 8278 3351

2/165 Main Road, Blackwood SA 5051