More than a quarter of Australian mortgage holders have seen their home loan repayments lift by more than six per cent, according to new industry research.
Mortgage holders ‘doing it tough’: survey
More than a quarter of Australian mortgage holders have seen their home loan repayments rise by more than six per cent since the start of the year.
That’s according to research from online financial broker Savvy, which found 25.7 per cent of respondents witnessed repayments lift by above six per cent, while 18 per cent saw repayments tick up between three and 10 per cent.
Around six per cent were hit with a rise of between 11 and 20 per cent, with one per cent reporting an increase of more than 21 per cent, it found.
Seventy-seven per cent of the 1003 respondents had some level of increase to their mortgage repayments, according to the company.