Australian Mortgage Holders ‘Doing It Tough’: Survey

Australian Mortgage Holders ‘Doing It Tough’: Survey
Pedestrians pass a bank advertising interest rates on mortgages in Sydney, Australia, on Oct. 3, 2017. Peter Parks/AFP via Getty Images
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More than a quarter of Australian mortgage holders have seen their home loan repayments rise by more than six percent since the start of the year.

That’s according to research from online financial broker Savvy, which found 25.7 percent of respondents witnessed repayments lift by above six percent, while 18 percent saw repayments tick up between three and 10 percent.