"But the fact that prices have gone up by 18 per cent over the last couple of years is hurting them, it's hurting all of the renters, it's hurting all the low income people, it's hurting everyone."
| Loan size today | Current monthly minimum repayment | New monthly minimum repayment | Change |
|---|---|---|---|
| $500,000 | $3,320 | $3,243 | -$77 |
| $750,000 | $4,980 | $4,865 | -$115 |
| $1,000,000 | $6,640 | $6,486 | -$154 |
| Source: Canstar, estimates based on an owner-occupier paying principal and interest with 25 years remaining on their loan on the average variable rate of 6.32% before the February cut | |||