With half of all borrowers in severe stress, is relief in sight?
While the pause in interest rates has come as a relief to many, everyone from first home buyers to owner occupiers and seasoned investors faces the prospect of harder times before they get easier.
First home buyers are being kept out the property market, often as a result of policies that had been intended to help them. (Image source: Shutterstock.com)
There is a palpable sense of relief among borrowers that interest rates have been paused for a few months and may even be on their way down in the not-too-distant future.
But the reality is that many Australians are feeling the mental, physical and financial strain of a dozen rate hikes
since May last year and are struggling to cope with the markedly higher mortgage repayments.Research conducted by finance platform MNY found that three quarter…
