RBA Warns of Record-High Mortgage Strain in 2024 | Stellar Finance Group
In the latest statement on monetary policy in August of 2023 the reserve bank of Australia projected that the scheduled mortgage will increase to historically high of approximately 9.8% of households disposable income by end of 2023 moreover the RBA has said that this willhit a new record of 10.1% by the end of 2024 based on the cash rate rises on date additionally in the minutes of the August to monetary policy meeting the board agreed that us policy tightening has been working on intended so this good news eveb though it is still hurting if you are feeling the pain and you need a mortgage review please do not hesitate to reach out today at at savvy finance group pop me a mail message me on gere I’ll give you a call and we’ll look at the numbers and see what we can do to help the herd in your household
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