ABC News – Top stories
·general
·1 hour ago
'Straw that broke the camel's back': Financial distress grows as rates rise
Australia's Reserve Bank raised interest rates to 4.35 percent yesterday, pushing more people into mortgage stress. More than 65,000 Australians contacted the National Debt Helpline since January, with 41 percent employed. Financial counsellors warn the rate hike will worsen hardship for families already struggling, as forecasts predict 1.64 million borrowers face mortgage stress.
Summary by Glance · ABC News – Top stories
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