Mortgages

A rise in unemployment may force the Reserve Bank to act.

The decision comes despite economic data showing inflation is decreasing faster than expected.

Construction work on scores of homes has been halted while the administrators look for a buyer.

Economists are feeling more cheery about the economy in new research today.

But experts have urged homeowners to hold onto their mortgages and not sell despite interest rate uncertainty.

The Reserve Bank of Australia (RBA) has kept interest rates on hold in December, sparing borrowers of a sixth interest rate rise in 2023.

Successive interest rate hikes and high inflation are eating into savings, new research released today found.

There could be good news on the horizon for Australia's mortgage holders.

First home buyers in Queensland will be able to access $30,000 under a new scheme that has doubled the first home owner grant.

All of Australia's big four banks have hiked their variable home loan rate following the Reserve Bank's interest rates increase on Tuesday.

The minimum wage required to comfortably afford a mortgage for the average house is now $182,000 – almost three times the median income.

The long-term impact of interest rate rises has delivered almost half of mortgage holders a hip pocket hit reaching well into the tens of thousands of dollars, according to new research.

A poll of 39 economists overwhelmingly found the Reserve Bank will raise the cash rate by 25 basis points to 4.35 per cent tomorrow afternoon.

Household spending has increased by almost five per cent as the cost of living crisis continues to place pressure on Australians.

Mortgage holders praying the worst of the rises is almost over may be in for a rude shock, some economists believe.

More and more families are buckling under radically higher monthly repayments.

The RBA's latest Financial Stability Review largely painted a picture of unexpected resilience, but the news is ominous for some borrowers.

Over the past year, the number of households that have fallen a month or more behind in mortgage repayments has increased in every state and territory

The most rapid decline in home prices in recent history is now fully reversed, with national prices returning to their peak.

Around 150,000 households will tip over the $95 billion fixed-rate cliff as their deals expire, throwing many into financial uncertainty.

And new research suggests the RBA may have their hand "forced" on further rises.

A staggering 20 years is needed to save for the average house in New South Wales, and 16 years for the average unit, the Finder analysis has revealed.

New data suggests Australians may be equipped to handle moving to variable rates.

But the Reserve Bank of Australia has foreshadowed further pressure on mortgage holders.

Pausing rates for a second month running, the central bank said it was closely watching a slowing rate of inflation and an easing of consumer spending.

The mum said she would pay off her house so she could focus on getting her children set up and "giving them opportunities".

The cost of mortgage repayments have hit historical highs, but the RBA is still mulling further rate rises.

New research reveals just how long you have to work to afford an average home loan repayment.

The Reserve Bank of Australia (RBA) has left interest rates on hold at 4.1 per cent, but has warned that more hikes will be needed to contain inflation.

Homeowners haven't struggled this much since the Global Financial Crisis.

The majority of the big banks are expecting a further 0.25 per cent to be added to the cash rate - but experts are split.

About 70 per cent of Australia's mortgage holders are worried about meeting their repayments, with younger people feeling the pinch in particular, new research has found.

The First Home Buyers Assistance Scheme has raised the threshold for stamp duty exemptions for first home buyers.

With around half of all fixed-rate loans expiring this year, many Australians will see their mortgage repayments more than double.

A bleak new study has revealed that the average Australian is in more than $20,000 worth of personal debt, equating to over $70 billion nationwide.

Australia's $2.2 trillion economy is sitting on a knife edge with a 50-50 chance of tipping into recession in the next 12 months, says a leading economist.

The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.

Mortgage arrears are slowly climbing across the country as borrowers continue to be hit with consecutive interest rate rises on top of skyrocketing cost of living pressures.

Stubborn inflation may be a big enough concern for the central bank to lift the cash rate when it meets next week.

New research suggests young Australians are set to remain reliant on the bank of mum and dad to get their foot on the property ladder.

Food prices and energy prices have soared the past year, leaving many households struggling to cope with rising mortgages and rents.

Westpac will be lowering its stress test for certain refinancing applicants in a bid to help borrowers out of mortgage prison.

Although there was little in last night's budget for millions of homeowners struggling under the weight of 11 recent interest rate hikes - one small detail could mean the end is over.

Although interest rates are now close to their forecast peak, the bank has warned that Australians face more stress ahead.

More interest rate rises are forecast for already embattled Aussie homeowners but renters also face steep price increases.

Calls for a regulation change are growing, as 11 interest rate hikes see more and more Aussies trapped out of negotiating for a better rate.

The Commonwealth Bank has passed on the Reserve Bank of Australia's (RBA) interest rate hike in full, marking the last of the big four banks to do so.

Hundreds of thousands of borrowers are set to be hit with another burst of hip pocket pain.

The RBA should meet less frequently and decisions on interest rates should be made by a new board including external experts, a review has found.

9news.com.au spoke with a group of young Australians who still hope to buy a home but sky-high prices are making it unattainable.