{"id":39236,"date":"2022-06-23T15:55:54","date_gmt":"2022-06-23T03:55:54","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=39236"},"modified":"2022-06-23T15:55:54","modified_gmt":"2022-06-23T03:55:54","slug":"fears-grow-that-many-australians-could-default-on-their-housing-loans","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/","title":{"rendered":"Fears grow that many Australians could default on their housing loans"},"content":{"rendered":"<p><strong>PHOTO: Sarah Ibrahim&#8217;s fixed interest rate ends in January and she fears she could be paying about $20,000 a year more on her mortgage.<cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\">(<span class=\"_1EAJU _1s6pr _2L258 _1BqKa _3pVeq hmFfs _2F43D\" data-component=\"Byline\"><span class=\"_1EAJU _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Text\">ABC News:\u00a0John Gunn<\/span><\/span>)<\/cite><\/strong><\/p>\n<p class=\"_1HzXw\">Sarah Ibrahim is worried about what will happen when her fixed rate ends in January.<\/p>\n<p class=\"_1HzXw\">Ms Ibrahim and her partner took on a home loan of more than $1.5 million in Sydney, with a deposit of 10 per cent.<\/p>\n<p class=\"_1HzXw\">They are among almost 40 per cent of Australians with mortgages who have locked in ultra-low fixed rates and will roll off them as soon as next year, and potentially face a world of financial pain.<\/p>\n<p class=\"_1HzXw\">&#8220;We fixed the majority of our mortgage for two years, and we assumed that in the next few years, they wouldn&#8217;t really go up much,&#8221;\u00a0Ms Ibrahim told ABC News.<\/p>\n<p class=\"_1HzXw\">She and her husband\u00a0had been saving for a deposit for years and finally broke into the Sydney property market at the end of 2019.<\/p>\n<aside class=\"_3qLh5 _sBMB _3fob9\" data-component=\"Pullquote\">\n<blockquote class=\"_1BTTn\">\n<p class=\"_1HzXw\"><strong>&#8220;It took us years of going to auctions, it took us years of going to inspections, and years of savings, and a lot of bulk shopping and buying second-hand clothes and not buying certain things. Sacrifices were made,&#8221; she said.<\/strong><\/p>\n<\/blockquote>\n<\/aside>\n<figure class=\"_247xw _3qLh5 _sBMB _3pBTa\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"101175396\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/101175396\">\n<div class=\"_3poXF\" data-component=\"IntersectionObserver\">\n<div class=\"_1Axyg\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"jMqWO _1PHKk\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/105a3d7a35ef0dd5e00c88a98d921163?impolicy=wcms_crop_resize&amp;cropH=1845&amp;cropW=2768&amp;xPos=0&amp;yPos=0&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"Sarah Ibrahim looking at her mortgage rate on the computer at her Sydney home in June 2022\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"101175396\" class=\"_1EAJU _2_dbS _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__figcaption\"><em><strong>Sarah Ibrahim says interest rate rises are going to make life &#8220;a lot more stressful&#8221; and there will be further cutbacks in the home.\u00a0\u00a0<cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\">(<span class=\"_1EAJU _1s6pr _2L258 _1BqKa _3pVeq hmFfs _2F43D\" data-component=\"Byline\"><span class=\"_1EAJU _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Text\">ABC News:\u00a0John Gunn<\/span><\/span>)<\/cite><\/strong><\/em><\/figcaption><\/figure>\n<p class=\"_1HzXw\">The couple\u00a0initially had borrowed\u00a0with a variable rate, but last year shifted to a part variable rate of 2.75 per cent and part fixed rate of 2.15 per cent to have certainty on ongoing repayments.<\/p>\n<p class=\"_1HzXw\">Ms Ibrahim says she relied on repeated statements from the Reserve Bank\u00a0that interest rates would not go up until 2024.<\/p>\n<p class=\"_1HzXw\">But now the RBA has stated that the cash rate\u00a0will lift to\u00a02.5 per cent and possibly more, until it can get inflation down within its target band of 2 to 3 per cent.<\/p>\n<aside class=\"_3qLh5 _sBMB _1ilWc cj-aC\" data-component=\"RelatedCard\" data-uri=\"coremedia:\/\/article\/101037448\">\n<div class=\"_8ozWK\" data-component=\"CardBox\">\n<h3 class=\"_1EAJU hMmqO MaLKt NHr4j _316gH _1zBDU _1BqKa _2AH39 _3HiTE x9R1x pDrMR hmFfs _390V1\" data-component=\"CardHeading\"><span class=\"_3agD2\" data-component=\"KeyboardFocus\">Rate rise default risk<\/span><\/h3>\n<div class=\"_2mnnz _1vrxI _1Gx7i _2gSqv\" data-component=\"CardLayout\">\n<div class=\"_16eiR\">\n<p class=\"_1EAJU _3V31R _2L258 _1BqKa _25ANV hmFfs\" data-component=\"Typography\">As interest rates rise, almost 300,000 people\u00a0who took large and risky home loans\u00a0during the pandemic could fall into severe\u00a0financial hardship or even default.<\/p>\n<\/div>\n<div class=\"_3nQI7 _1P5AM _2PGTd _2paT0\">\n<div class=\"_3poXF\" data-component=\"IntersectionObserver\">\n<div class=\"_1Axyg\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"jMqWO _1PHKk\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/d6d0288c96905d862fe2402e8ef2a6cb?impolicy=wcms_crop_resize&amp;cropH=2813&amp;cropW=5000&amp;xPos=0&amp;yPos=84&amp;width=862&amp;height=485\" alt=\"Tara and daughters standing outside their Logan home.\" data-component=\"Image\" \/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p class=\"_1HzXw\"><em><strong>For Ms Ibrahim and her family that means a rise of almost $20,000 a year on their mortgage repayments.<\/strong><\/em><\/p>\n<p class=\"_1HzXw\">&#8220;That has been really anxiety-inducing \u2014 to think that interest rates will go up by that much and that we would have to try to weather such a large increase at a time when there [are] obviously other upward pressures in relation to the cost of living,&#8221; Ms Ibrahim said.<\/p>\n<aside class=\"_3qLh5 _sBMB _3fob9\" data-component=\"Pullquote\">\n<blockquote class=\"_1BTTn\">\n<p class=\"_1HzXw\"><em><strong>&#8220;It&#8217;s been really stressful thinking about that and thinking about how we&#8217;re going to manage such a loan.&#8221;<\/strong><\/em><\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">For many Australians that stress has already started, with financial counsellors reporting an uptick in banks trying to repossess people&#8217;s homes because they&#8217;ve been missing mortgage repayments.<\/p>\n<p class=\"_1HzXw\">And economists fear that coupled with higher costs of living, and possible unemployment down the track, the financial system could be at risk.<\/p>\n<h2 class=\"_1EAJU hMmqO SYcM3 zwVFG _1BqKa _3AExf _3HiTE x9R1x pDrMR hmFfs _390V1\" data-component=\"Heading\">Some banks are hitting borrowers with eviction notices<\/h2>\n<p class=\"_1HzXw\">Since moratoriums on mortgage repayments \u2013 which were introduced during the pandemic to account for the fact that people had lost or been stood down from their jobs and were not generating enough income \u2013 have been lifted, more Australians have been falling behind on their repayments.<\/p>\n<p class=\"_1HzXw\">Stephanie Tonkin, director of mortgage stress at Westjustice, says in the past two months alone the\u00a0organisation\u00a0has seen 60 clients and about half of them have been hit with eviction notices.<\/p>\n<figure class=\"_247xw _3qLh5 _sBMB _3pBTa\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"101175420\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/101175420\">\n<div class=\"_3poXF\" data-component=\"IntersectionObserver\">\n<div class=\"_1Axyg\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"jMqWO _1PHKk\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/175ea669db926e0dd2298cbca754755d?impolicy=wcms_crop_resize&amp;cropH=2688&amp;cropW=4032&amp;xPos=0&amp;yPos=168&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"Stephanie in the Werribee office in June 2022\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"101175420\" class=\"_1EAJU _2_dbS _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__figcaption\">Stephanie Tonkin says they are seeing their low-income clients be hit with\u00a0more eviction notices and people are fighting to keep their homes.\u00a0<cite class=\"_1EAJU _1ftZy _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Figure__cite\">(<span class=\"_1EAJU _1s6pr _2L258 _1BqKa _3pVeq hmFfs _2F43D\" data-component=\"Byline\"><span class=\"_1EAJU _2L258 _14LIk _3pVeq hmFfs _2F43D\" data-component=\"Text\">ABC News:\u00a0Barrie Pullen<\/span><\/span>)<\/cite><\/figcaption><\/figure>\n<p class=\"_1HzXw\">She says they are now trying to negotiate with their lenders for those clients to not lose their homes.<\/p>\n<aside class=\"_3qLh5 _sBMB _3fob9\" data-component=\"Pullquote\">\n<blockquote class=\"_1BTTn\">\n<p class=\"_1HzXw\">&#8220;We&#8217;re seeing clients coming up to us with a whole range of legal, emotional [and] financial issues, and we are calling on the banks to take a compassionate approach to this real tsunami of home owners who are finding themselves at real risk of homelessness,&#8221; she said.<\/p>\n<\/blockquote>\n<\/aside>\n<p class=\"_1HzXw\">&#8220;We&#8217;re already seeing banks ramping up their action to enforce mortgage debts and repossess homes already against the background of relatively low interest rates, but with rising cost of living, we&#8217;re calling on the banks to take a more compassionate approach.&#8221;<\/p>\n<p class=\"_1HzXw\">Ms Tonkin notes that many of her clients are still getting back on their feet post COVID.<\/p>\n<p class=\"_1HzXw\">She wants banks to use evictions &#8220;as a last resort&#8221; and be understanding of &#8220;some of the underlying emotional drivers of mortgage stress, be it family violence, gambling, mental ill health&#8221;.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2022-06-23\/homeowners-interest-rate-rises-mortgage-defaults-home-loans\/101175258\">ABC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Sarah Ibrahim&#8217;s fixed interest rate ends in January and<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":39237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478117583,478098512,478098521,478098566,478114271,478098542,478098519,478099362,478104548,478101296,478098543,478098579,478098510,478098514,478098533,478098509,478098888,478098536,478098618,478102289,478121894],"class_list":["entry","author-data123nz","post-39236","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aussie-mortgages","tag-australia","tag-australians","tag-first-home-buyers","tag-fixed-interest-rates","tag-home-loans","tag-home-ownership","tag-housing-loans","tag-mortgage-costs","tag-mortgage-interest-rates","tag-mortgages","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate-agent","tag-real-estate-news","tag-reserve-bank","tag-sydney","tag-sydney-property","tag-sydney-property-market","tag-variable-rate-mortgages"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fears grow that many Australians could default on their housing loans - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fears grow that many Australians could default on their housing loans - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Sarah Ibrahim&#8217;s fixed interest rate ends in January andRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-23T03:55:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"862\" \/>\n\t<meta property=\"og:image:height\" content=\"485\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Fears grow that many Australians could default on their housing loans\",\"datePublished\":\"2022-06-23T03:55:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/\"},\"wordCount\":761,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/housing-loans.jpg\",\"keywords\":[\"Aussie mortgages\",\"australia\",\"Australians\",\"first home buyers\",\"Fixed interest rates\",\"home loans\",\"Home ownership\",\"housing loans\",\"mortgage costs\",\"mortgage interest rates\",\"mortgages\",\"property market\",\"Property News\",\"propertynoise\",\"real estate agent\",\"Real Estate News\",\"reserve bank\",\"Sydney\",\"Sydney property\",\"Sydney property market\",\"variable rate mortgages\"],\"articleSection\":[\"Australian Property &amp; Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/\",\"name\":\"Fears grow that many Australians could default on their housing loans - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/housing-loans.jpg\",\"datePublished\":\"2022-06-23T03:55:54+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/housing-loans.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/housing-loans.jpg\",\"width\":862,\"height\":485,\"caption\":\"housing loans\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/fears-grow-that-many-australians-could-default-on-their-housing-loans\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fears grow that many Australians could default on their housing loans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fears grow that many Australians could default on their housing loans - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/","og_locale":"en_US","og_type":"article","og_title":"Fears grow that many Australians could default on their housing loans - Property News Australia","og_description":"PHOTO: Sarah Ibrahim&#8217;s fixed interest rate ends in January andRead More &rarr;","og_url":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2022-06-23T03:55:54+00:00","og_image":[{"width":862,"height":485,"url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"Fears grow that many Australians could default on their housing loans","datePublished":"2022-06-23T03:55:54+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/"},"wordCount":761,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg","keywords":["Aussie mortgages","australia","Australians","first home buyers","Fixed interest rates","home loans","Home ownership","housing loans","mortgage costs","mortgage interest rates","mortgages","property market","Property News","propertynoise","real estate agent","Real Estate News","reserve bank","Sydney","Sydney property","Sydney property market","variable rate mortgages"],"articleSection":["Australian Property &amp; Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/","url":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/","name":"Fears grow that many Australians could default on their housing loans - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg","datePublished":"2022-06-23T03:55:54+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2022\/06\/housing-loans.jpg","width":862,"height":485,"caption":"housing loans"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/fears-grow-that-many-australians-could-default-on-their-housing-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"Fears grow that many Australians could default on their housing loans"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/39236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=39236"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/39236\/revisions"}],"predecessor-version":[{"id":39238,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/39236\/revisions\/39238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/39237"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=39236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=39236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=39236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}