Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - AU
The Guardian - AU
National
Peter Hannam

Climbing interest rates yet to bite most Australian mortgage holders, economists say

Two men walk past the building of the Reserve Bank of Australia
The RBA is widely expected to raise its cash rate on Tuesday for a fifth time in as many months. Photograph: Bianca de Marchi/AAP

Australians with mortgages are so far mostly managing to cope with higher interest rates, but the full impact of recent rises is yet to be felt and increased costs for energy are still to take effect, economists say.

A gauge of financial stress run by credit analysis company Fitch Ratings found instances of people falling behind in mortgage repayments by 30 days or longer were at 0.82% in the June quarter, the lowest level in at least 20 years that its Dinkum RMBS Index has been running.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.