realestate.com.au·3 min read·medium
Record number of homeowners face loan default
A
Aidan Devine
✦AI Summary
A record number of Australian homeowners are at risk of defaulting on their loans following three interest rate hikes this year. Financial analysts warn that many households have exhausted their emergency savings and are struggling with the rising cost of living.
Families are staring down a debt nightmare, with a record number of homeowners now at risk of defaulting on their loans after falling behind on their repayments, new industry data has revealed.
economybusiness
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in