Tag: squeezed
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‘Mortgage stress’: New dwelling homeowners squeezed hardest as repayments skyrocket
Many new dwelling homeowners might see half their incomes consumed by mortgage repayments in coming months because the Reserve Financial institution pushes by way of rate of interest hikes to curb inflation. Figures printed by Canstar on Monday revealed somebody who purchased a house on the nationwide median worth of $818,000 in April 2022 might…