The RBA may be about to hike interest rates. Use our loan calculator to check how it may affect you

Reserve Bank of Australia expected to announce fifth hike this year, adding to the cost of monthly mortgage repayments Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The Reserve Bank of Australia is expected to hike interest rates to an 18-year high – which would be the fifth rate hike this year. For someone with an average-sized new mortgage of $731,000, paying a typical rate of 6.2%, a 0.25 percentage point rate increase would add about $119 to their $4,596 monthly repayments.