Interest rate rises will add to mortgage stress in Tasmania

IB
February 17 2022 - 10:30am
Tasmanian economist says mortgage holders should prepare for interest rates to rise by three per cent in the next year.
Tasmanian economist says mortgage holders should prepare for interest rates to rise by three per cent in the next year.

At a time when many Tasmanian households are already experiencing mortgage stress, Australia's interest rates are predicted to rise by more than three per cent by 2023, likely leaving more homeowners struggling to meet repayments.

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