Moody’s Investors Service says rate rises will increase the number of people falling behind on their mortgage while putting downward pressure on house prices | swrighteconomy rachelclun
to 0.35 per cent, with more to come, would weigh on the property market.
But NAB chief executive Ross McEwan said homeowners were more vulnerable to price increases than businesses.“Pretty much everything they touch has got more expensive,” he said. “That does hurt household income, they’re less flexible about what they can do.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The risk of ‘liar loans’: Can overstretched borrowers cope with higher interest rates?Millions of Australians have pushed the envelope on mortgage applications to get a foothold in the housing market. Now they face the threat of higher interest rates. auspol
Read more »
The risk of ‘liar loans’: Can overstretched borrowers cope with higher interest rates?Analysis: Millions of Australians have pushed the envelope on mortgage applications to get a foothold in the housing market. Now they face the threat of higher interest rates | clancyyeates
Read more »
'The new normal': Higher mortgage repayments will keep hitting home owners in 2022, analyst saysThe Reserve Bank's 25-basis point increase is just the first of many on the horizon, and Queensland homeowners need to brace for higher home loan repayments over the next 18 months, a leading property analyst says.
Read more »
As rates rise, Daniel and Georgia feel safe as houses. For nowThe new home buyers say they, like many, will have to cut back their spending on dining out and other discretionary expenses if rates continue to rise.
Read more »
Letters: Lift housing supply, not demandDifferent strokes for different home buyers, Aussie coffee all froth and trouble, reform the cloistered RBA conclave, at any rate, RBA credibility in tatters, plenty else needed to update courts.
Read more »