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Aussies begrudge rate hikes but still borrowing, building, buying

Australians are unhappy with the Reserve Bank for raising interest rates so quickly but it hasn't stopped first-home buyers, investors or owner-occupiers from borrowing and building.

Loan bag and colour wood bar graphs in different height on a table.
The value of new loans has increased but consumer sentiment remains a concern.

Australians are grumpy at the Reserve Bank (RBA) for raising interest rates so fast but that isn’t deterring them from borrowing.

A new Canstar survey of 1,001 Australian home loan borrowers and savers shows less than two-fifths (39 per cent) support the Reserve Bank’s decision to lift interest rates as hard and fast as it has in recent months, compared to 37 per cent who feel interest rates should not be rising so rapidly and a further 25 per ce…