Taking a second job to pay for interest rate hikes

Published

10 months ago

June 28, 2023

Australians are taking up second jobs to deal with rising interest rates

Rising interest rates place increasing pressure on mortgage holders. But what happens if a significant portion of these holders defaults?

The IMF fund has identified Australia as one of the most at-risk housing markets in the first world.

Will Banks, Executive Director of Shillings Capital says Australia is of particular concern when it comes to the housing market.

Australia was able to avoid the worst impacts of the Global Financial Crisis, but now people are stuck with so much debt. #featured #housing #australia #rba

Related Topics:australia Featured housing rba

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