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Cliff

New mortgage cliff risk looms for Aussies

Despite catastrophic predictions of the fixed rate mortgage ‘cliff’ that has generated headlines for months and sowed fears of widespread defaults and increasing arrears, household borrowers have, so far, weathered the interest rate…

Bank’s big move as mortgage cliff looms

Westpac will lower the stress test for homeowners looking to refinance in a bid to help borrowers avoid “mortgage prison”.Nearly 900,000 Australians who secured record low interest rates on a fixed term mortgage during the Covid-19 pandemic…

Teens trapped after diving off cliff

Two teenagers became trapped and were forced to take shelter in a cave after diving from a clifftop into dangerous surf waters. At about 2.10pm on Friday, emergency services received calls that two teenage boys, 16 and 17, were stranded at…