Your #LocalGovernment councillor should be banging on about this.
If they're not, we must ask: "Why?"
It's good enough for councils to crank up their charges when property booms, innit?
#auspol #InterestRates #CostOfLivingCrisis #ValuerGeneral #HousingCrisis #MortgageStress #FairPlay
RE: https://bsky.app/profile/did:plc:dbyqi3ye3r3x3r7igwmdvwma/post/3msrqgf2hf22u
#mortgagestress — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #mortgagestress, aggregated by home.social.
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Your #LocalGovernment councillor should be banging on about this.
If they're not, we must ask: "Why?"
It's good enough for councils to crank up their charges when property booms, innit?
#auspol #InterestRates #CostOfLivingCrisis #ValuerGeneral #HousingCrisis #MortgageStress #FairPlay
RE: https://bsky.app/profile/did:plc:dbyqi3ye3r3x3r7igwmdvwma/post/3msrqgf2hf22u -
Severe mortgage stress spreads to Sydney’s affluent suburbs
Liverpool (2170) continues to hold the highest number of stressed households in New South Wales, with 14,705 households…
#Australia #Sydney #mortgagestress #suburbs
https://www.europesays.com/australia/60413/ -
More than 1.5 million Australians struggle with their mortgages as they brace for potential rate rise
More than 1.5 million Australians are now considered at risk of mortgage stress as economic uncertainty pushes more…
#NewsBeep #News #Economy #AU #Australia #Business #Finance #householdborrowers #mortgagestress #raterise #ReserveBank #RoyMorgan
https://www.newsbeep.com/au/756635/ -
Interest rate rises push employed people and young families into mortgage stress
More than 65,000 Austr…
#Economy #Budget #business #debthelpline #Finance #financialcounsellors #financialpressure #financialstress #homeowner #housing #increaserepayments #Inflation #interestrates #MicheleBullock #MORTGAGE #mortgagerates #mortgagestress #officialcashrate #ratedecision #ratehike #RateHikes #raterise #RBA #RBAgovernor #recession #repayments #ReserveBankofAustralia
https://www.europesays.com/2968668/ -
https://www.europesays.com/2968668/ Interest rate rises push employed people and young families into mortgage stress #Budget #business #DebtHelpline #Economy #Finance #FinancialCounsellors #FinancialPressure #FinancialStress #homeowner #housing #IncreaseRepayments #Inflation #InterestRates #MicheleBullock #MORTGAGE #MortgageRates #MortgageStress #OfficialCashRate #RateDecision #RateHike #RateHikes #RateRise #RBA #RBAGovernor #recession #repayments #ReserveBankOfAustralia
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https://www.europesays.com/uk/940048/ Interest rate rises push employed people and young families into mortgage stress #Budget #Business #DebtHelpline #Economy #Finance #FinancialCounsellors #FinancialPressure #FinancialStress #Homeowner #Housing #IncreaseRepayments #Inflation #InterestRates #MicheleBullock #mortgage #MortgageRates #MortgageStress #OfficialCashRate #RateDecision #RateHike #RateHikes #RateRise #rba #RBAGovernor #Recession #repayments #ReserveBankOfAustralia #UK #UnitedKingdom
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RBA Rise: -$115+/month 📉
Sitter Swap: +$120/saved 📈
Work Commute: +$250/saved 📈Don't cut back. Swap back.
#MindForMe can save you the entire cost of the rate rise, and more, without working a single extra hour!
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February interest rate rise will be a ‘bitter pill’ for those struggling with cost of living, advocates say
Any Reserve Bank lift to interest rates could be the added financial pressure that causes more households to…
#NewsBeep #News #Economy #Business #cashrate #Costofliving #CPI #financialstress #Inflation #interestrates #mortgagestress #NationalDebtHelpline #personaldebt #ratehike #reservebank #UK #UnitedKingdom
https://www.newsbeep.com/uk/398255/ -
The RBA looks set to reverse course, with economists now predicting a rate hike as soon as February 3rd, following higher-than-expected inflation data.
While the central bank cut rates three times last year, stubborn inflation is forcing its hand. The big question is: can stressed borrowers handle it?Key Points from the Analysis:
* A single 0.25% hike could push 1.3 million Australian households into mortgage stress.
* Economists are divided: some urge immediate action to curb inflation, while others warn hiking too fast risks "snuffing out" consumer spending and economic growth.
* The RBA faces a tough communication challenge, trying to explain why rate rises are necessary to people struggling with high living costs and massive housing debt.#RBA #InterestRates #Inflation #AusPol #CostOfLiving #MortgageStress #AustralianEconomy
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https://www.europesays.com/2737950/ Rate hike pain is on the way for Australian borrowers, but will they be able to tolerate it? #australia #CashRate #ConsumerPriceIndex #ConsumerSpending #CPI #Inflation #InflationJump #InflationRate #InterestRates #MortgageStress #RBA #ReserveBank #ReserveBankOfAustralia
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https://www.europesays.com/uk/621391/ Renters need $300,000 more superannuation in retirement than home owners, report finds #Business #CostOfLiving #Finance #HomeOwners #MortgageStress #PersonalFinance #poverty #renters #Retirees #Super #SuperConsumersAustralia #superannuation #UK #UnitedKingdom #WealthDivide
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https://www.europesays.com/ie/222163/ Renters need $300,000 more superannuation in retirement than home owners, report finds #Business #CostOfLiving #Éire #HomeOwners #IE #Ireland #MortgageStress #PersonalFinance #PersonalFinance #poverty #renters #retirees #super #SuperConsumersAustralia #Superannuation #WealthDivide
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Renters need $300,000 more superannuation in retirement than home owners, report finds
Older Australians who retire without owning a home will need about double the superannuation of those with a…
#NewsBeep #News #Personalfinance #Business #CA #Canada #costofliving #Finance #homeowners #mortgagestress #PersonalFinance #poverty #Renters #Retirees #super #superconsumersaustralia #superannuation #wealthdivide
https://www.newsbeep.com/ca/332665/ -
Over 1.4 million Aussie households are now facing mortgage stress—and it's getting worse.
This video breaks down the top 10 hidden causes of the housing crisis: interest rates, wage stagnation, migration pressure, policy failures, climate risks, foreign buyers, and more.
Not just a real estate story. It’s a survival story.#housingcrisis #mortgagestress #auspol #urbanplanning #costofliving #climate #realestate #rentcrisis
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A massive 71% of Australian households say they need a rate cut just to keep up with their mortgages, putting pressure on the Reserve Bank to provide relief at their next meeting. #InterestRates #MortgageStress #CostOfLiving #ReserveBank #Australia #FinanceNews
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The East Coast gas cartel is draining Australia's economy. Skyrocketing energy prices have pushed interest rates to unsustainable levels for Aussie mortgage holders.
This foreign-owned, China-aligned, undertaxed, job-sparse parasite is destroying industries and making Australia poorer, not richer—while strengthening China and leaving us vulnerable to its supply chains.
#gasprices #australiaeconomy #eastcoastgas #energycrisis #mortgagestress #economicjustice #industry #australianpolitics #china
https://www.macrobusiness.com.au/2024/11/the-gas-cartel-is-bleeding-australia-out/
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The only obligations banks will meet will be to unswervingly maximise their profits.
Mortgage stress is the result of basic banking strategy.
The less likely you are to repay a loan the harder a bank will make it for you to repay.
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"In its majestic equality, the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread." - Anatole France
#richparents #mortgagestress
#workingpoor #supermarket #pricegouging #Capitalism -
Record number of Australians at risk of #mortgagestress as #RBA interest rate rises bite. Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their #home loan. #australia
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Yep. I tooted this last month…
My heart bleeds for these pollies. No hope on removing negative gearing on these investments any time soon.
18 members on economics committees own 41 properties.(May be behind a paywall but you get the gist) #auspol #mortgagestress
https://www.afr.com/policy/economy/mps-grilling-lowe-are-feeling-rba-rate-rises-20230214-p5ckip
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CW: The real reason why inflation is high
‘An economic fairytale’: Australia’s inflation being driven by company profits and not wages, analysis finds https://www.theguardian.com/business/2023/feb/24/an-economic-fairytale-australias-inflation-being-driven-by-company-profits-and-not-wages-analysis-finds?CMP=Share_iOSApp_Other #inflation #Auspol2023 #profits #wages #economy #wageslavery #obsceneprofits #mortgagestress #RBA
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My heart bleeds for these pollies. No hope on removing negative gearing on these investments any time soon.
18 members on economics committees own 41 properties.(May be behind a paywall but you get the gist) #auspol #mortgagestress
MPs grilling Lowe are feeling RBA rate rises http://www.afr.com/news/economy/monetary-policy/mps-grilling-lowe-are-feeling-rba-rate-rises-20230214-p5ckip