How much pain can Aussie borrowers tolerate?
As Australians grapple with yet another interest rate increase, API Magazine sought answers on who was most susceptible, how much more pain was in store, and when property markets might stabilise.
More than 15 per cent of mortgage holders are considered to be 'At Extreme Risk' when it comes to meeting repayments. (Image source: Shutterstock.com)
Another month and another interest rate rise.
So, just how much can Australia’s increasingly stretched household budgets tolerate in the face of borrowing costs rising at a record pace
, pricier goods and services, and wages being corroded by inflation and flatlining for several years?While we’re not at Global Financial Crisis (GFC) levels of mortgage stress, for the first time in this nine-month cycle of interest rate increases the proportion …
