Australian homeowners

Dire economic data out of the US has renewed fears that a recession is now almost unavoidable in the near future.In recent days, data has revealed the Nasdaq 100 stock market index is underperforming at the same time as the jobs market…

Jason Bosworth has been forced to take on a second job as he faces the “stressful” reality of his family’s mortgage rolling off an ultra-low fixed rate, which will see their repayments double to $1200 a week.The dad-of-two purchased the…

A 60 minutes reporter interviewing Treasurer Jim Chalmers has dropped the f-bomb to describe the prospect of a return to 1990s interest rates.Reporter Tom Steinfort stunned the Treasurer during Sunday night’s program when he used the swear…

In a cruel twist of fate it is young Australians who have recently bought their first home who are expected to struggle the most as rates continue to rise.Meanwhile, Boomers are expected to glide through the tougher economic environment the…

Australia’s top union boss has slammed the Reserve Bank as being out of touch with the rest of the country and driving low income earners into financial ruin. It comes after the RBA brought up the cash rate by 25 basis points on Tuesday,…

Around 800,000 Australian households are facing a financial horror-show this year as their fixed rate mortgage periods expire, leaving them exposed to the much higher interest rates that have resulted from consistent, aggressive hikes by…

Australian homeowners should be bracing for a September bloodbath on the housing market, an expert has warned. Shane Oliver, chief economist at AMP, has predicted that property prices will bottom out in September this year.Come September,…

A finance expert has issued a grim warning that the world economy is facing one of the toughest periods in 30 years, with another claiming we could be set to face an economic “hurricane”.According to Bloomberg economist Scott Johnson, the…

Shocking forecasts from the Reserve Bank of Australia and economists have laid bare the nightmare reality Australian homeowners now face, with loan repayments likely set to increase further.Minutes from the RBA’s November meeting were…

Almost two-thirds of Australian homeowners are worried about meeting their mortgage repayments as interest rates continue to be hiked, with younger people who purchased in the past 12 months “acutely” at risk, new research has revealed.If…