Original article by Sarah Sharples
Herald Sun – Page: Online : 24-Apr-24

Australia’s employment and inflation outlook has prompted speculation that the Reserve Bank could increase rather than reduce the cash rate in 2024. Another official interest rate rise would put further pressure on mortgage holders. Data from Roy Morgan shows that 1.53 million mortgage holders were at risk of mortgage stress in March; CEO Michele Levine says Roy Morgan’s modelling shows that this would rise to 1.57 million mortgage holders if the central bank were to increase the cash rate by 0.25 per cent in both May and June, to 4.85 per cent.

CORPORATES
RESERVE BANK OF AUSTRALIA, ROY MORGAN LIMITED