Andy Ball, Josh Nicholas and Luca Ittimani 

The RBA has hiked interest rates. Use our loan calculator to check how it could affect you

The RBA has lifted rates again after soaring fuel prices pushed up inflation
  
  

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For someone with an average new mortgage of $736,000, a rate rise would add about $117 to their monthly repayments. Photograph: Andrew Merry/Getty Images

The Reserve Bank hiked interest rates again on Tuesday, after lifting rates in February and March.

In a widely expected move, the central bank raised the cash rate to 4.35%, from 4.1%.

For someone with an average-sized new mortgage of $736,000, paying a typical rate of 5.7%, a rate increase would add about $117 to their $4,272 monthly repayments.

Use this interest rate calculator to see what you might have to pay.

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In total, 2026 is expected to see four interest rate increases.

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