Senate debates

Tuesday, 7 November 2023

Questions without Notice

Interest Rates

2:57 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Minister for Trade and Tourism) Share this | Hansard source

I don't have the specific figures on that amount of money, but I can tell you, Senator Hume, that, following the RBA's decision, the monthly repayment on the average existing $360,000 loan balance would increase by $57 a month, to $2,569.

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