Australians under mortgage stress are preparing for a new year that could put more strain on their budgets as interest rate rises take hold.
Mortgage broker Gracious Chidhakwa told the ABC some households had already started missing their repayments, and she warned the full effect of the rate rises would not be felt for some time yet.
"Those who are wanting mortgages, some are having to sell, some are having to downsize, some are having to make those hard calls," Ms Chidhakwa said.
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