Latest Interest Rates Raise In Australia By 0.25%

Today the reserve bank of Australia has raised the interest rates in Australia by 0.25% which places a significant burden on already tight budgets of many families with mortgages of $200,000 and over. This interest rise may appear small, 0.25 does not sound like a lot but if you work this out it actually ads a fair bit of a difference to the budget. Most families are already having to work overtime and stretch their budgets in this economic crisis and the Government feels that it’s time to start rising the interest rates again! A lot of young home buyers have taken out big home loans this year because the interest rate fell so low due to the economic nightmare but now these young property investors are going to start feeling the pain as the interest rates start to rise in Australia.It is also a possibility that the interest rates are fore casted to rise by another 0.25 % to 0.5 % in December this year! The interest rates are starting to hike, so be careful and make sure that you have your budget under control!There is a good way you can earn between $50 – 250 a week and more by doing what is called Affiliate Marketing from home in your spare time when you are not working to help your budget and help you keep up with the mortgage and take a little pressure off your family budget and you. I am currently studying a bachelor of IT at university and making enough money to cover my rent and weekly expenses with a little bit of cash left over for entertainment after I started affiliate marketing at the Wealthy Affiliate. Try it and you will see results for yourself within a matter of a couple of weeks. I hope that this will help you deal with the rising interest rates in Australia!