mortgage cliff

Households and businesses are bracing for another blow when the Reserve Bank meets on Melbourne Cup Day with new governor Michele Bullock widely expected to hike rates. On Monday, financial markets were pricing a near 70 per cent chance…

A hidden detail in the federal budget will bring a sigh of relief to millions of homeowners.Aussie families have been hit hard by relentless interest rate hikes and the surging cost of living. However the budget outlook predicts rates will…

Last week’s National Press Club address by Reserve Bank of Australia (RBA) governor Philip Lowe included this chart showing that the rise in mortgage rates in Australia has been more severe than most other developed nations:Australia’s…

Aussie homeowners are at particular risk of home loan default, with the nation straining under a perfect storm of conditions. According to the International Monetary Fund’s (IMF) World Economic Outlook, Australia is facing the…

An Australian man is knuckling down as his mortgage repayments are set to double by June this year to an eye-watering $110,000.Steven De Celis owns a $2 million home in the plush Sydney harbourside suburb of Haberfield but is haemorrhaging…

A so-called fixed-rate mortgage cliff is about to hit nearly 900,000 Australians who took advantage of cheap home loans during the Covid pandemic.The Reserve Bank (RBA) provided banks access to three-year fixed rate credit as part of their…

Against the odds, Australian house prices are rising in the face of ongoing interest rate rises.PropTrack’s dwelling values index recorded a 0.2 per cent rise in February, which followed January’s 0.1 per cent increase.Based on the rebound…

A whopping 2370 Aussies are refinancing their mortgage every working day as interest rates have seen homeowners hit with 10 painful consecutive hikes.In a battle to tackle the rising cost of inflation, interest rates have risen from a…

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…

As expected, the Reserve Bank of Australia (RBA) on Tuesday lifted the official cash rate (OCR) another 0.25 per cent to 3.6 per cent.It was the tenth consecutive rate hike and has taken the OCR to its highest level since 2012:The increase…