New data has revealed that changes made by the Reserve Bank of Australia have impacted mortgagors more than renters. 

The Australian Bureau of Statistics has released data showing that mortgage interest repayments have doubled to $22 billion, while rental costs have risen by $1.3 billion to $19.3 billion.

Overall, mortgage interest repayments have risen nine times as fast as the cost of renting.

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Evan Lucas, InvestSMART Finance Reporter, told Sofie Formica on 4BC Afternoons, that mortgagors have been hit harder than renters, however renters are still being heavily impacted.

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