Home owner Katy says she's been struggling to meet her loan demands, and fears losing her home. What are the steps between missing a payment and losing your property?
Ms Bligh said other options included extending the length of a loan, moving to interest-only payments, or even looking at deferring payments for a while. But beware of the latter, she says.
Ms Bligh said banks would monitor over six to 18 months how customers they had concerns about were tracking before considering drastic measures. "Across a number of our members, we're seeing 10 to 15 per cent of their landlords selling. It used to be below 10 per cent. Maria Yanotti says between high inflation and high interest rates, the latter is the lesser of two evils.
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