There has been a significant amount of talk recently about household debt, house prices, the ability to make mortgage repayments, the ever increasing ability of Australian consumers to keep spending.
Budgeting For Interest Rate Rises
On Wednesday April 4, the Reserve Bank of Australia (RBA) decided leave the official cash rate on hold at 6.25%, saving homeowners the much anticipated 0.25% increase in variable mortgage rates. Many analysts are tipping the RBA is waiting on official March inflation rates before deciding on any increase and believe an increase is likely in May.