00:00Following a year of record sales and rate hikes, there has been a slight reprieve in recent
00:06months with mortgage stress dropping to a three-year low. Yet a quarter of Aussies are
00:11still feeling the pinch.
00:1224.5% of households with mortgages are actually living at risk of mortgage stress.
00:19And it's younger people who are struggling the most to make ends meet.
00:23I have friends who have bought homes when interest rates were really low and moving
00:26back in with parents and they now have young families, so yeah, definitely, definitely.
00:29Experts forecast a rate rise on Tuesday, so some hopeful buyers are making their move
00:34now.
00:35The properties are selling really, really quickly, so even when you see a property, it's gone
00:40the following week.
00:41Roy Morgan predicts with two possible rate hikes of just half a percent each in February and
00:46March, 1.3 million Aussies will find it hard to pay their mortgage. That's nearly 30% of
00:53homeowners using one-third of their income to make repayments.
00:57This interest rate rise that's coming, or potentially a few, over the next 12 months, we'll definitely
01:02see people reconsidering what their plans are.
01:04And with a lack of supply, the dream of owning a home could be getting even further out of
01:09reach. With KPMG forecasting Brisbane house prices could soar almost 11% this year.
01:15I don't have a partner, so it makes it really, really difficult for single people to try and
01:20get into the housing market because we don't have the help.
01:24While we wait to see what Tuesday's rate decision is, the word of advice is caution.
01:29Really consider your own circumstances, and consider whether you expect that you'll be better
01:35in the future.
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