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Where new rate rise will hit hardest and what you can do

Press coverage 9 November 2023 Summary of published coverage
Where new rate rise will hit hardest and what you can do

The Reserve Bank’s move to a 4.35 per cent cash rate tipped another 201,968 mortgaged households into negative cash flow, taking the total above 2.1 million, according to Digital Finance Analytics. Western Sydney, Brisbane, the Gold Coast and Melbourne’s outer growth corridors were identified as the hardest hit areas. PIPA chair Nicola McDougall said more investors would be forced to sell, tightening rental supply.

Reported by

James MacSmith, The Daily Telegraph, 9 November 2023

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PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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