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mortgage stress

18 results tagged mortgage stress:

How much of your income should you spend on your mortgage?

One rule of thumb says you shouldn't spend more than 30% of your income on housing, but does that hold true in times of high house prices and soaring interest rates?

Pocketbook budgeting app closing down

Zip to close popular Pocketbook app, telcos to block SMS scams, and gender pay gap nudges $1 billion weekly. Here are five things you may have missed.

What to do if you can’t afford your home loan repayments

Struggling to keep up with your mortgage repayments? You need to reach out to your lender before it's too late.

RBA passes on largest cash rate increase since 2000

Interest rates are now back to pre-COVID levels following the Reserve Bank's decision to lift the official cash rate by 50 basis points to 0.85% at its June board meeting.

What to do if you’re facing mortgage stress after the interest rate hike

Struggling to pay your mortgage after this week's interest rate rise? Don't be afraid to reach out to your bank to find out what payment relief is on offer.

A quarter of new home loans are high risk: What you’ve missed

One in five new mortgages are high risk, and Australia tops global property price growth. Here are five things you may have missed this week.

Netflix wants to teach you about money: What you’ve missed this week

The ATO warns against copying and pasting your tax return from last year, and Netflix has a new show all about money. Here's what you've missed this week.

Should you buy now and pay LMI or keep saving a deposit?

As rising house prices are making it more difficult to get into the property market, first-home buyers are faced with the question: is it best to pay lenders mortgage insurance (LMI) and jump into the market now, or wait and save a higher deposit?
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