The RBA has lifted the cash rate by 0.25% and many of us that have variable loans can expect their interest rate to lift by the same amount. On the average $300,000 mortgage this will mean an increase of around $15 per week.

Reserve Bank of Australia (the RBA) announced at 2.30 this afternoon that the cash rate will rise by 0.25%, to 4.00%.

• Bankwest have announced an Exclusive offer for Broker Customers - Effective 19 December 2009

$0 Application fee on the Mortgage Shredder Introductory Home Loan for a limited time only.