By ACA staff
Homebuyers have been slugged yet again, with the Reserve Bank of Australia lifting official interest rates for the 11th consecutive time since 2001.
With the central bank signalling there may still be further increases to come, Australian families are certainly feeling the heat.
In a special report to be broadcast tonight at 6.30pm, A Current Affair speaks to home loan experts to find out what Aussies can do to ease the rate rise pain.
Here are their tips to save your home:
for the full report, and more essential tips including:
- Don't lock into a fixed interest rate.
- Redo your budget and look for other areas to save.
- Consolidate your other high interest debts.
- If you are in trouble talk to your lender.