Its unbelievable that banks only ever describe interest rate rises in terms of monthly repayment increases (which are relatively small for a half point rise) rather than the total amount by which a home loan will increase, (by contrast many thousands for a half point rise). One gets the impression that the banks or newspapers arent interested at all in the thrust of the RBA's effort to decrease the amount of home borrowings. Surely the message would be better spread if the truth was more obvious. Is it another truth concealment by our trusted media? Judge for yourselves.
