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Horrified Aussies face up to 7% mortgage rates

June 30, 2022 - 00:05 -- Admin

A new cost of living survey conducted by online financial brokers Savvy suggests that 26% of Australian mortgage holders will experience mortgage stress, defined as a homeowner or household using more than 30% of their net income to meet mortgage repayments, following the Reserve Bank of Australia’s (RBA) consecutive rate rises of 0.75%. Mortgage stress

The post Horrified Aussies face up to 7% mortgage rates appeared first on MacroBusiness.

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