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Financial Pressure of 2023 & Owning a Home
Manage episode 361891775 series 2824300
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John and Aaron are at the desk today to discuss the current state of the housing market in Hobart and the challenges that homeowners may be facing. John explores the impact of rising interest rates on mortgage repayments, and how this has put a number of households under financial stress.
We also look briefly at the rental market in Hobart and how, in some areas, renting has become cheaper than buying. We examine the options available to those who are struggling with mortgage stress and discuss whether selling their property may be a viable solution.
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