Housing crisis: One in seven homeowners worry they’ll be forced to sell due to rising cost of living — Finder
Rising interest rates are inflicting pain on stressed homeowners and investors, which could see a rise in distressed property sales this spring, according to new research by Finder.
A whopping 39 per cent of Aussie mortgage holders – equivalent to almost 1.3m households – said they struggled to pay their home loan in August, according to Finder’s Consumer Sentiment Tracker.
And two in five (40 per cent) of property investors are struggling to keep pace with soaring mortgage payments and are worried they will have to sell their investment home.
RELATED: Where to find Victoria’s interest-rate proof suburbs
The gap