When Tao Zhang lost his job in July he was kept up at night about how he would pay his mortgage. Lifeline said they had 3,000 people a day phone their crisis support hotline across the country, with the length of calls increasing, and volunteers taking "more complex and distressing calls". people have wanted to talk about financial distress," Chief …
They are the victims of "hidden poverty" who are now accessing support for the first time in their lives. Key points: Interest rates have risen 10 times in a row More people are seeking help from charities and financial advisers The state government is focusing on increasing housing supply Ten interest rate rises in a row are biting hard into …
National property prices have fallen for the sixth month in a row as higher interest rates make the cost of borrowing more expensive. Key points: The housing downturn has deepened across the country as interest rates continue to rise CoreLogic says national home prices fell 1.2 per cent in October, and by 0.9 per cent annually However, a PropTrack survey …