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‘Forced to sell’: Under stress mortgage holders hanging on for RBA call as experts split on August rate hike

Pelican Press

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‘Forced to sell’: Under stress mortgage holders hanging on for RBA call as experts split on August rate hike

More than 150,000 homeowners could be forced to sell if interest rates stay high into 2025, new research has revealed.

In the face of an uncertain Reserve Bank cash rate cut before the New Year, and more uncertainty as to if banks would pass on an interest rate cut, one in ten mortgage-bearing households might need to switch their loans to paying interest only, and 165,000 households would need to sell up, the survey finds.

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#Forced #sell #stress #mortgage #holders #hanging #RBA #call #experts #split #August #rate #hike

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