Aussie suburbs facing financial crisis - news.com.au
3/20/2022 12:00:00 AM3 years 1 month ago
by Sarah Sharples
by Sarah Sharples
<p>As interest rates are predicted to rise, new heat maps are showing the suburbs most in danger of mortgage stress, with some of the wealthiest suburbs set to be among the hardest hit if rates go up by just 1 per cent.</p>
Red flags have been raised that a huge number of homeowners are already in financial trouble, with an interest rate rise set to tip some areas over the edge.As interest rates are predicted to rise, n… [+7033 chars]
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