Newcastle mortgage holders set to pay an extra $112 a month after latest RBA rate hike

Jade Lazarevic
Updated June 9 2023 - 8:11am, first published June 6 2023 - 8:17am
Rathmines home owner Gina Taylor is paying an extra $1104 a month on her mortgage since the first cash rate hike was announced in May 2022. Picture supplied.
Rathmines home owner Gina Taylor is paying an extra $1104 a month on her mortgage since the first cash rate hike was announced in May 2022. Picture supplied.

MORTGAGE holders struggling to cope with interest rate rises are set to be placed under further pressure after the Reserve Bank of Australia handed down another cash rate hike on Tuesday.

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Jade Lazarevic

Jade Lazarevic

Property reporter

Jade joined The Newcastle Herald as a reporter in 2001 and spent 15 years covering entertainment. In 2022, she joined ACM's national property team. Jade covers everything in the world of property across Newcastle, Lake Macquarie and the Hunter region including record-breaking sales, real estate trends and new developments. Got a news tip? Get in touch:at jade.lazarevic@austcommunitymedia.com.au

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