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April 27, 2022 The mortgage repayments of millions of homeowners around the country could potentially rise within weeks if the Reserve Bank of Australia (RBA) starts increasing the cash rate target earlier than previously expected. Rising inflation, low unemployment and a pick-up in wage growth mean economists and the big banks now expect that the…
Selling your home must be an absolute last resort and only be considered when you have legitimately exhausted ANY other reasonable options. Options should include contacting your lender and speaking with the hardship officer according to moneysmart.gov.au. Early communication is key and its important that you don’t over promise your ability to catch payments up…