With interest rates continuing to rise and many people rolling off their fixed rate mortgages, we’re quickly nearing a “mortgage cliff”, with many homeowners with fixed-rate loans reverting to sharply higher variable rates.
Subscribe for more property news, insights and inspiration: https://rea.to/joe-z
Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/
The RBA raised interest rates by another 50 bps in July, and the market expectation is that it’ll rise by another 1.5% by the end of the year. Homeowners in affordable, family-friendly suburbs may be most affected by the Reserve Bank of Australia’s recent interest rate rises, new data suggests, and PropTrack economist Angus Moore explains how this will affect mortgage holders.
Read more: https://rea.to/j5sec
Subscribe for more property news, insights and inspiration: https://rea.to/joe-z
Follow us on Facebook: https://www.facebook.com/realestateAus
Follow us on Instagram: https://www.instagram.com/realestateaus/
