Australia's big four banks say interest rates will rise at least four times in the six months after the May federal election, amid Reserve Bank concern over inflation pressures.

With the average mortgage for an established home in Victoria currently at about $650,000, senior economic correspondent for The Age, Shane Wright, says it'll mean households are paying about $400 a month extra.

Australia's big four banks say interest rates will rise at least four times in the six months after the May federal election, amid Reserve Bank concern over inflation pressures.
With the average mortgage for an established home in Victoria currently at about $650,000, senior economic correspondent for The Age, Shane Wright, says it'll mean households are paying about $400 a month extra.

Ross Stevenson and Russel Howcroft keep Melbourne informed and entertained with their razor sharp wit and humour every morning on 3AW Breakfast, 5.30am-8.30am.

The daily podcast and best segments from their program are uploaded right here.

Ross Stevenson and Russel Howcroft keep Melbourne informed and entertained with their razor sharp wit and humour every morning on 3AW Breakfast, 5.30am-8.30am. The daily podcast and best segments from their program are uploaded right here.

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