Suburban homeowners under increasing pressure from rate rises

With banks predicting more rate increases by the Reserve Bank of Australia, many homeowners are concerned. First-time homeowners are already facing significant financial hardship and paying mortgages and building homes has been stressful. Melbourne-based real estate professional Amir Khwaja says it could lead to forced sales in some areas.

A aerial view of houses at Glen Iris in Melbourne Source: AAP / DIEGO FEDELE/AAPIMAGE

Disclaimer: We would like to inform you that the information expressed in this interview is of general nature and interviewee's personal views. This information may not be appropriate for your personal circumstances - contact your real estate agent/ financial advisor on your situation.

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