HOW MUCH MORE MORTGAGE HOLDERS WILL PAY:
* $500,000 loan – $75 more per month
* $600,000 loan – $90 more per month
* $700,000 loan – $105 more per month
* $800,000 loan – $120 more per month
* $900,000 loan – $135 more per month
* $1 million loan – $150 more per month
HOW WILL INTEREST RATES LOOK?
* The official cash rate has risen from 3..6 per cent to 3..85 per cent, following the RBA’s decision
* The average owner-occupier rate is expected to be 5.77 per cent
WHAT IS THE IMPACT FOR HOMEOWNERS?
* Some mortgage holders may not have to pay more back, with many ahead of repayments
* NAB estimates 80 per cent of its borrowers on variable rates kept repayments the same after 2025’s three rate cuts, leaving them a buffer against the increase
* Data from the Commonwealth Bank also said a majority of its borrowers also chose not to lower their repayments despite 2025’s cuts