Will this interest rate rise finally take the heat off property prices?

On Melbourne Cup Day, there was one fairly safe bet. Michele Bullock would raise interest rates. And they did, by 25 basis points.

The increase to 4.35% will be a bitter pill for borrowers to swallow, and in some ways it feels the economic stakes have never been so high.

Today Sascha is joined by Jennifer Duke and they talk about why when so many of us are feeling the pinch, is the RBA still raising rates?

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In the spirit of reconciliation, Equity Mates Media and the hosts of The Dive acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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