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Home borrowers face 00 hit from interest rates as house prices tank

Home borrowers face $6000 hit from interest rates as house prices tank

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The Albanese government faces an intensifying economic squeeze if the Reserve Bank of Australia lifts official interest rates for a fifth time this year on Tuesday, a move that will add more than $6000 to annual payments on an average mortgage and accelerate a property downturn that new data shows is running at its fastest…