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Latest Ben Burston News

Will it be rents to the rescue for investors as banks hike rates?

The big four banks wasted no time passing on the full quarter of a per cent home loan rates rise but the impact on property prices and investors remains unclear.

Automatic teller machines of the Commonwealth Bank, ANZ Bank, Bendigo Bank and Bank of Melbourne at Southern Cross Station in central Melbourne.

The big four banks, who account for roughly three quarters of all mortgages in Australia, wasted no time passing on the full quarter of a per cent home loan rates rise after the Reserve Bank of Australia (RBA) upped the official cash rate.

CBA, Westpac, NAB and ANZ will implement their rate rises between 13 and 20 May, hitting the hip pockets of new and existing borrowers.

As of the weekend, 24 of the almost 100 lenders in Australia had announc…