What if interest rates stay high for longer?
Published on: 07/05/2026
Another 1–2 rate rises could hurt more than people realise. A $700k mortgage could cost $572 more.
Property

Another 1–2 rate rises could hurt more than people realise. A $700k mortgage could cost $572 more.

Here’s a number most people don’t like hearing… Over the life of a typical home loan… you’ll likely pay back more in interest than what you borrowed. Yep. On an average loan of $736,000 at 5.5% over 30 years… that’s about $769,000 in interest.