500,000 Aussies facing mortgage ‘cliff’ as ultra-low fixed-rate terms wind down

by Boo_Randy

The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn?

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Hundreds of thousands of mortgage holders face a jarring surge in repayment costs in the coming months as their ultra-low fixed-term plans wind down.



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