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Australian Mortgage Stress: Why Negative Equity Is Becoming a Concern
Craig is on the Central Coast in NSW talking with Joe Caroll from Sphere Home loans about why Mortgage stress is becoming more widespread across Australia, with Finder reporting 36 per cent of mortgage holders struggled with repayments in August. Rising insurance, groceries, petrol and energy costs are adding pressure, while the RBA has warned first-home buyers using the 5% deposit scheme may face greater exposure to negative equity.
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