Tuesday, July 3, 2007
The survey of of 1778 people found 5 per cent of respondents had sold properties because they could not afford to keep up with higher loan payments
Pain in the suburbs Already, last year's rate rises are hurting Australians.A NEWS.com.au conducted in June has revealed 42 per cent of respondents said their financial situation was worse than it was one year ago. One in four respondents said they were just managing to make ends meet while 17 per cent of respondents said they were running into debt. And 70 per cent of lower income earners said the last three interest rate rises had made it harder to make property loan repayments.