SINCE 1997

Latest Commbank News

'A difficult day' for homeowners forced to find more mortgage money

When the country’s new Treasurer says it’s a difficult day for homeowners you know things are serious, and the latest interest rate double whammy from the RBA will cause trouble for many.

Young businesswoman climbing a diagram while carrying a big stone with text of interest rates.
It may just be the beginning of a long climb for borrowers rocked by the RBA's double-whammy rate hike.

When the country’s new Treasurer says it’s a difficult day for homeowners, you know things are serious.

“Just because it was expected that interest rates would go up it doesn't make it easier for homeowners who have to find the money to service their mortgage at the same time facing those sky rocketing cost-of-living prices, whether it be energy, grocery prices or other inflationary pressures in the economy,” Mr Chalmers said.

“It is a really d…