RBA rate rise: Mortgage costs increase by thousands of dollars

Nadine Morton
Updated October 3 2022 - 7:13am, first published 7:00am
A rate increase at RBA's October meeting could put family holidays on pause for some people. File picture
A rate increase at RBA's October meeting could put family holidays on pause for some people. File picture

Holidays will be cancelled and nights out cut short, with a sixth consecutive RBA rate rise to add more than $3000 each year to the cost of a $400,000 mortgage.

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Nadine Morton

Nadine Morton

Senior journalist

Nadine Morton covers emergency services and breaking news for the Illawarra Mercury. She takes pride in regional journalism which she believes is crucial to informing our towns and cities. Have a story? Email her at nadine.morton@austcommunitymedia.com.au

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