Roughly 28% of all mortgage holders are struggling with repayments – similar to levels seen in the 2008 GFC
Roughly 150,000 individuals are coming up to the “mortgage cliff”.
That is mortgages that were taken out under much lower interest rates are about to be transitioned onto variable rates and that will mean real pain for holders.
And now mortgage growth has fallen to unprecedented lows, so what does that mean for the property sector?
