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.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]