150,000 Australian homeowners at risk of selling due to high interest rates by 2025, reveals new research.
150,000 Australian homeowners could be forced to sell if interest rates remain high into 2025, according to new research. One in ten mortgage-bearing households might need to switch to paying only interest on their mortgage, and 165,000 households may need to sell. Finder's May Consumer Sentiment Tracker reveals that 11% of respondents would have to pay back only interest on their mortgage if rates stay high.
July 22, 2024
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