OFFICIAL CASH RATE HIKE 'JUST ANOTHER BLOW' FOR FIRST-TIME HOME BUYERS

© Getty Inflated house prices and higher interest rates don't bode well for first-time house prices. Yesterday's rise in the official cash rate is being described as a kick in the guts for first home buyers.Banks moved quickly to pass on the hike in the cost of borrowing by adding between 0.15 and 0.2 percent on to floating rates.First Home Buyers Club director Lesley Harris said...

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