5% of Borrowers Facing Cash Flow Shortfall Amid Rising Interest Rates
Reading Time: 3 minutesRising interest rates have led to financial strain for a subset of Australian mortgage borrowers, with about 5% facing a cash flow shortfall, according to Reserve Bank of Australia (RBA) Governor Michele Bullock. While higher rates have been deemed essential to curbing inflation, they have also put pressure on households with variable-rate loans. Governor Bullock […]
Property Investor Borrowing Surges 49.2% Since January 2023
Reading Time: 3 minutesInvestor borrowing in Australia’s property market is on the rise, nearing record levels and showing a strong resurgence. According to the latest data from the Australian Bureau of Statistics, property investors signed up for $11.708 billion worth of home loans in July 2024, marking a significant 49.2% increase since January 2023. This upward trend follows […]
