One more interest rate rise could force this Sydney woman to sell her family home

Key points

• A Sydney mother of two says another interest rate rise could force her to sell the family home she has lived in for nearly 26 years. Vanessa Merryweather, speaking to 60 Minutes, said she earns just over $900 weekly while her mortgage repayments sit near $800.
• Covid hit her business, and later bowel cancer and her daughter's lymphoma drained her savings buffer.
• Reserve Bank chief economist Sarah Hunter acknowledged the strain but said higher rates remain necessary to control inflation.