Breaking: RBA Surprises Markets In May By Raising Interest Rates

Australian Property Talk

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In 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 meeting

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