NSW particularly sensitive to interest rate rises, Treasury says
Premier Minns says another hike would have 'massive' impact on jobs and businesses
New South Wales is being hit disproportionately hard by rising interest rates, with the state Treasury warning that higher house prices and mortgage burdens make NSW 'particularly sensitive' to rate hikes. The Reserve Bank is expected to deliver a fifth increase this year on Tuesday, pushing the cash rate to 4.85 per cent, the highest in 18 years.