SMH
·australia
·1 hour ago
‘Everyone is feeling the pain’: Interest rate hike hits Sydney hard
The Federal Reserve raised interest rates in the US, the country's highest since the financial crisis, to a record high of 4.85%. In Sydney, interest rates are expected to rise even further this year, adding $100 to a 30-year mortgage payment, affecting apartment owners and mortgage holders.
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Published 03 Nov 2026, 07:10 UTC · Updated 03 Nov 2026, 07:21 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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