Half of mortgagees in “dire straits” with two rate hikes

Advertisement

Via Domainfax:

More than half of Australian homeowners with a mortgage would be in dire straits if their repayments increased by more than $100 a month, new data shows.

A nationwide survey found 54 per cent of borrowers do not think they could handle a repayment rise of more than $23 a week.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.