By, Nerida Conisbee. No one wants to pay more on their mortgage, but rising interest rates will mean just that. While Australian housing is on the radar when the Reserve Bank of Australia meets monthly to set rates, our central bank also looks at all other aspects of the Australian economy. If economic growth gets too strong, they will need to start increasing rates, even if a lot of Australians have large mortgages. Almost everyone expects that rates will need to rise at some stage later this year, however right now, conditions are not quite right to do so. On Tuesday, the RBA had their first monetary policy meeting for the year and decided to keep interest rates on hold, with the official cash rate remaining at 1.5%. What will need to change for the RBA to increase rates this year? Read More Here