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Treasurer Josh Frydenberg’s extraordinary pre-election Budget cash splash will make an early interest rate rise even more likely, experts say

Treasurer Josh Frydenberg’s extraordinary pre-election Budget cash splash will make an early interest rate rise even more likely, experts say.

It comes as borrowers are warned to brace for two years of mortgage rate increases as soars to its highest level since 2008.  

Under some predictions, rate rises could potentially push up typical repayments on a $700,000 house by $700 a month or $8,400 a year. 

Mr Frydenberg’s cash splash on Tuesday night included a $250 one-off payment for Freelance Web Design Kuala Lumpur six million pensioners, welfare recipients and veterans.

He also announced a bumper $1,500 tax rebate for workers who earn less than $126,000-a-year, to be dished out in July.

Experts believe Treasurer Josh Frydenberg's (pictured) extraordinary pre-election Budget cash splash will make an early interest rate rise even more likely, experts have warned

Experts believe Treasurer Josh Frydenberg’s (pictured) extraordinary pre-election Budget cash splash will make an early interest rate rise even more likely, experts have warned

<div class="art-ins mol-factbox floatRHS news" data-version="2" id="mol-0a05fdc0-afbc-11ec-8d33-37a32f89634f" website a mortgage TIME BOMB is set to explode under Aussie homeowners

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