• Home
  • /
  • Posts
  • /
  • News
  • /
  • Interest rate hikes may send about 200,000 more households into mortgage stress, says analyst

Interest rate hikes may send about 200,000 more households into mortgage stress, says analyst

Many homeowners may be forced to tighten their belts after the Reserve Bank of Australia lifted the cash rate by half a percentage point, sending an estimated 200,000 households into mortgage stress.

by | Jul 6, 2022

Skilled migrants are crucial to housing industry, says HIA

On Tuesday, the RBA raised the official cash rate 50 basis points to 1.35% – the highest since May 2019.

The RBA governor, Phillip Lowe, said the move was needed to try to curb inflation, after record low rates bolstered the economy, particularly during Covid lockdowns.
Read more at The Guardian

More from Public Accountant

IPA National Congress hears ATO plan to shrink small business “tax gap”

IPA National Congress hears ATO plan to shrink small business “tax gap”

Ombudsman review targets ATO’s agent phone line failures

Ombudsman review targets ATO’s agent phone line failures

The WH Smith Error: how revenue recognition may have humbled an icon

The WH Smith Error: how revenue recognition may have humbled an icon

1 in 3 Australians in their late 60s are still working, new HILDA survey shows

1 in 3 Australians in their late 60s are still working, new HILDA survey shows

How to get control of your time

How to get control of your time

Embracing the AI frontier: Rethinking auditor skills and education

Embracing the AI frontier: Rethinking auditor skills and education

Share This