The Property Tribune

Mortgage stress saw a consecutive decrease across Australia despite high interest rates

Australia’s interest rates are currently at an eye-watering 4.35%, but levels of mortgage stress eased throughout November.

All eyes will be on the RBA governor during 2024 as mortgage holders across Australia eagerly anticipate the start of the rate cutting cycle.

The hold on interest rates will be keeping Australia’s real estate market steady across the festive season.

Experts spoke to The Property Tribune, laying out their thoughts for what’s in store for Melbourne’s housing and rental market in 2024.

The reprieve for millions of Australian mortgage holders continues with a third consecutive pause on interest rates.

The nation’s auction activity is back on the upswing, with 1,911 capital city homes taken to auction, according to CoreLogic.