Aussies Extending their Mortgages to Make Ends Meet

With the series of interest rate hikes and inflation some Australians are struggling to pay their mortgage, and are extending the life of their loans to make ends meet. What are the long term consequences of this not only for individuals but us as a nation?

Show notes:

Aussies’ desperate mortgage act costing them big as interest rates, inflation bite
https://www.news.com.au/finance/economy/interest-rates/aussies-desperate-mortgage-act-costing-them-big-as-interest-rates-inflation-bite/news-story/24393b578d17292a3be94ddb90387f6c

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This presentation was originally broadcast on Edge Radio Australia www.edgeradioaustralia.com

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