800,000 Australian households warned of new mortgage shock. Here’s how much it could cost you

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800,000 Australian households warned of new mortgage shock. Here’s how much it could cost you
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The Reserve Bank of Australia predicts 800,000 Australian households could be in for a rude awakening when their fixed rate expires this year. 7NEWS

The Reserve Bank of Australia predicts 800,000 Australian households could be in for a rude awakening when their fixed rate expires this year.

The board is due to meet again on Tuesday, where economists largely predict another 0.25 per cent hike.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

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