What to do if you can't afford your mortgage repayments as interest rates keep rising

Dan Phillips has cut back on his budget to be able to afford his mortgage repayments. (ABC News: Simon Farrell)

Dan Phillips bought a unit in Hobart's outskirts last year, just as rates started to climb.

"By the time I moved in, I'd had more letters about rate rises, than I'd had months living in the property, which was pretty confronting," he says.