ANALYSIS: Debt has allowed Australia to kick its economic problems down the road, but are we at a dead end?
A typical January 2022 Sydney borrower coming off a fixed rate of 1.9 per cent can expect to see their repayments jump from $2,929 a month to $4,556.the most recent inflation figures rebounded back to their 32-year highs of 7.3 per centIf the cash rate hits 3.85 per cent, as forecast by two of the four major banks, our Sydney borrower will be up for almost $5,000 a month in repayments at a mortgage rate around 6.3 per cent.
The Reserve Bank's modelling concluded that around 15 per cent of owner-occupier mortgage borrowers would have negative spare cash flow at the expected interest rate peak.
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