As predicted, the Reserve Bank this week raised interest rates by 0.25 per cent to 6.75 per cent. That equates to around $50 extra a month for repayments on a $300,000 home loan.

It doesn’t sound like much - $50 a month for a $300,000 loan, but if you’re a homeowner you’ll be aware that it’s the sixth time interest rates have raised in the last four years.

What we want to know is: has this latest rate rise really hurt you? Will it be harder to pay off the mortgage and feed the family, or has this all been overblown because of the forthcoming election?

Maybe you can remember the days of 17 per cent inflation in the late 80s. Do you think homeowners today have ‘got it easy’ in comparison to then?

Tell us how this latest rise will effect you.