Breaking: RBA Surprises Markets In May By Raising Interest Rates

Send us a textIn a shock to markets, the RBA have delivered another interest rate increase. Markets, economists and just about everybody had this wrong, pricing in a 0% chance of a rate rise.  Instead, the RBA came in with a surprise and decided to increase interest rates for the 11th time in a year.In a blow to Aussie borrowers, the RBA have re-affirmed their inflation fight by taking the cash rate to 3.85%.  That is a whopping 57% repayment increase for someone who obtained a $1million loan just one year ago.In this breaking podcast, we run through:> Why the RBA decided to raise rates this month, but not last> Explain why its a surprise to markets, but not completely unexpected.> Discuss the impacts on the property market - will this rate rise slow the market down?> Discuss whether this is the final rate rise, and what may happen in the June meetingReach out to us at www.australianpropertytalk.com.au

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