Rising interest rates and repayment crunch squeezes homeowners: SBS Sinhala explainer on 23 Oct

Caucasian businessman pushing mortgage word

A "mortgage cliff" is around the corner, Australian households are under "mortgage stress" Source: iStockphoto / CreativaImages/Getty Images/iStockphoto

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Home loan repayments are hitting households harder than ever, taking up a bigger portion, nearly 50% of household income. These households are considered under what it calls "mortgage stress".Listen to this SBS Sinhala explainer for more information.

HIGHLIGHTS

This Mortgage stress will increase as the 2% low-interest rates offered from the banks for the fixed rates in 2020 are supposed to end this year or next year
A "mortgage cliff" is around the corner, Australian households are under "mortgage stress" Here's what so you need to know.

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Rising interest rates and repayment crunch squeezes homeowners: SBS Sinhala explainer on 23 Oct

Get the SBS Audio app

Other ways to listen

Home loan repayments are hitting households harder than ever, taking up a bigger portion, nearly 50% of household income. These households are considered under what it calls "mortgage stress".Listen to this SBS Sinhala explainer for more information.

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