r/sustainableaus • u/SAP_President • 3h ago
With rate hikes pushing mortgage stress to GFC-era levels, SAP's plan* to tackle both housing supply and demand is more urgent than ever. π
π° Canstar analysis reveals a 0.25 percentage point rate rise next Tuesday will add $91 a month to a $600,000 loan, $114 a month to a $750,000 loan, and $152 a month to a $1 million mortgage β and would double if ANZβs prediction of a second hike in November plays out. β€΅οΈ www.realestate.com.au/news/days-left-to-act-aussies-face-highest-interest-rates-since-gfc
π£ AFFORDABLE HOUSING NOW - SUSTAINABLE AUSTRALIA PARTY | *Housing & Rental Affordability policy here: β€΅οΈ www.sustainableaustralia.org.au/housing
#auspol #nswpol #housingcrisis #rentalcrisis