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‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers

Property prices are still rising at the entry level and as borrowing costs increase, the home ownership dream is even further out of reach The third Reserve Bank rate hike in a row has delivered a blow not only to mortgaged homeowners, but also to those hoping to break

First seen · 3:00 PM UTCMay 5, 2026

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The Guardian
LeftGuardian Media Group
‘It’s quite distressing’: rate rise brings new pain for would-be homebuyersProperty prices are still rising at the entry level and as borrowing costs increase, the home ownership dream is even further out of reach The third Reserve Bank rate hike in a row has delivered a blow not only to mortgaged homeowners, but also to those hoping to break
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