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The New Daily
The New Daily
Business
Matthew Elmas

Worst mortgage stress since GFC as Reserve Bank board ponders rates hike

10 News First – Disclaimer

Another 30,000 Australians could be thrown into risk of mortgage stress if the Reserve Bank raises interest rates on Tuesday, according to estimates from Roy Morgan, which is tracking the biggest rise in loan strain since 2009.

About 1.3 million Australians are now considered “at risk” of mortgage stress, up 10.2 per cent annually, after a record year of rate increases.

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