RBA fee reduce reduces mortgage stress, spurs enhance in mortgage functions

“If the RBA cuts rates of interest by +0.25% to three.85% in April, the variety of mortgage holders ‘in danger’ of mortgage stress would decline to 1,489,000 (26.7% of mortgage holders) and an additional reduce of +0.25% to three.6% in Might, the variety of mortgage holders ‘in danger’ of mortgage stress would decline to 1,411,000 (25.3% of mortgage holders) in Might 2024, a fall of 138,000 on present figures,” Levine mentioned.