Interest rate peak poses risks to first home buyers

Economists say that interest rate rises could see first-home buyers spending two-thirds or more of their household income paying the mortgage. Household debt levels are high by historical standards and servicing costs relative to income will rise quickly as interest rates climb.

Economists say that interest rate rises could see first-home buyers spending two-thirds or more of their household income paying the mortgage. Household debt levels are high by historical standards and servicing costs relative to income will rise quickly as interest rates climb.

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