Interest rate rise: Things to consider before choosing between fixed and variable rates

The Reserve Bank has raised interest rates by 25 basis points, from a historic low 0.1 percent to 0.35 percent, leaving plenty of impact across the Australian community. We have talked to financial advisor Bishwas Bhattarai about its impacts on home buyers and renters.

All four of Australia's major banks have quickly reacted to the Reserve Bank's decision to raise the official interest rate. Source: AAP / Joel Carrett

Topics covered in the conversation:

• What are the impacts of an interest rate rise for renters and homebuyers?
• What can mortgage payers do to manage their budgeting?
• Things to consider while choosing between fixed and variable rates?
• Impact of inflation felt in day to day life

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