The Myth Of The Mortgage ‘Cliff’
Monetary policy Much-hyped concerns that people rolling off cheap fixed-rate home loans could be caught up in a wave of defaults and mortgage arrears have so far proved overblown.
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Mortgage Pain Set To Get Worse: RBA
The already-record share of income households spend on mortgage repayments will increase even further, the Reserve Bank has warned, causing borrowers to dip into savings to meet the rising cost of living.
Rate Pain Won’t Hit Households Until 2024
Australian households are yet to feel the full impact from the Reserve Bank’s tightening cycle on mortgage repayments, with economists tipping the first half of 2024.
Katoomba leads worst suburbs for arrears
Mortgage arrears are climbing as borrowers run down their savings and collide with a tighter refinancing market that has escalated financial stress, S&P Global says.
RBA Change Is Coming, Like It Or Not
More people, more input, more cooks in the kitchen. That’s ultimately the price the Reserve Bank of Australia will pay for a couple of years of bad or miscalculated calls, made in response to the pandemic.
Mortgage Cliff Looms Large But How Steep Could It Be?
Home loans Fixed-rate borrowers have been insulated from 10 straight RBA interest rate increases. But with credit worth $350 billion close to expiring, the impact could be profound, writes Michael Read.
The Worst Of Mortgage Pain Is Yet To Come
On the face of it, there’s nothing in higher-than-expected inflation data that should halt the rally that has helped the ASX 200 leap 7.5 per cent since the start of the year.
The 30 Minute Chat That Could Save You
Refinancing Lucy Dean outlines exactly what you need to do to get a better mortgage rate. Australian borrowers are refinancing at record rates as mortgage repayments race higher, pushing homeowners to the brink