Australia faces potential further interest rate hikes in 2024, with 1.53M mortgage holders at risk of stress.
Australia faces potential further interest rate hikes in 2024, with 1.53M mortgage holders at risk of stress, a decrease of 98,000 from February, but nearly unchanged from December. The RBA increased interest rates from 0.1% to 4.35% in the last year. Roy Morgan data shows continued inflation pressures and a strong employment market could lead the RBA to raise rates again, causing mortgage stress.
April 23, 2024
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