Should Australian mortgage holders prepare for a mortgage cliff? Over 400,000 Australian home buyers/property investors with home loans are ending their fixed rate periods set when interest rates were at record lows. Since then the Reserve Bank of Australia has risen interest rates considerably meaning current mortgage repayments are far higher than they were. This steep, upcoming rise in repayments is referred to as a mortgage cliff or a fixed-rate mortgage cliff. The media and many theorists worry that many Australian homeowners, property investors and mortgage holders in general will greatly suffer from mortgage stress as a result. We decided to find out what's really going on and sat down with: -Damian Brander - Managing Director At The Australian Lending And Investment Centre -Mike Mortlock - Managing Director At MCG Quantity Surveyors 👇 🏠 If you would like more information on refinancing and optimising your home/investment loan strategy please don't hesitate to reach out to us: clientexperience@ripehouseadvisory.com.au * * * DISCLAIMER: No Legal, Financial & Taxation Advice The Listener, Reader or Viewer acknowledges and agrees that: • Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; • The information may not be suitable or applicable to the Listener, Reader or Viewer's individual circumstances; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer. 👉 ADDRESS: 198 Sandy Bay Rd, Sandy Bay, TAS 7005 AUSTRALIA #mortgagecliff #interestrates #homeloan