Financing
The Melbourne suburbs where home owners can’t afford their mortgages
At least one in 30 households in hard-hit pockets have fallen behind on repayments, buckling under high interest rates and inflation.
- Elizabeth Redman
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Emily thought interest rates would stay low for longer. Now she doubts a pause will last
A pause in rate rises is welcome news for Melbourne home loan borrowers, but many are slashing spending as 12 increases since last May take their toll.
- Elizabeth Redman and Kate Burke
The Melbourne suburbs where homeowners can’t pay their mortgage
About 500 Victorian households are at risk of falling behind on their mortgage with every extra Reserve Bank rate rise, and in some suburbs one in 40 borrowers is already late.
- Jim Malo and Tawar Razaghi
Melbourne suburbs where the mortgage won’t break the bank
Interest rates went up again this week, so where can an average household buy a home without being crushed by the mortgage repayments?
- Elizabeth Redman and Kate Burke
‘How the hell am I supposed to live?’: Rate rises hit home
For Maurice, a frozen dinner of tuna mornay is ‘lashing out’ as soaring interest rates make it harder to put food on the table and fuel in the car.
- Elizabeth Redman and Kate Burke
Tiffany bought her first home but didn’t expect the mortgage to go up so soon
Like many buyers, the Jamiesons thought they would have more time to start paying down their mortgage before interest rates rose in 2024. After the fifth consecutive interest rate rise, they’re facing tough decisions.
- Melissa Heagney-Bayliss, Sasha Gattermayr and Tawar Razaghi
Original URL: https://www.watoday.com.au/topic/financing--age-only--1nx8