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7 figure Attraction Agent - Mortgage Cliff: Repayments are likely to 2x or 3x for 1.3 million households

Mortgage Cliff: Repayments are likely to 2x or 3x for 1.3 million households

7 figure Attraction Agent

07/23/23 • 4 min

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What if the Australian property market is on the edge of a cliff, and you're one of the 1.3 million being impacted?
Imagine what it would be like if your mortgage repayments doubled or even tripled because of interest rate hikes. As challenging as that sounds, this is the reality for many Australians this year.
Is the dream of home ownership becoming unreachable for the younger generation? A new report suggests that those who don't buy a home by their early 30s are less likely to ever be homeowners.
This raises questions for those trying to step onto the property ladder but are priced out.
LIVE on 2GB with Ben Fordham

07/23/23 • 4 min

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7 figure Attraction Agent - Mortgage Cliff: Repayments are likely to 2x or 3x for 1.3 million households

Transcript

Ben Fordham

Let's also talk about the looming mortgage cliff . People are set to sell their homes because they can't afford their repayments . So this is going to grow right in the in the second half of this year , this issue where people have been on fixed rates and now all of a sudden they're being hit by all of these interest , interest rate rises and they're thinking , all right , well

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