Housing affordability and the cost of living are becoming some of the biggest issues facing Australians. With Australia fighting rising interest rates, there is growing pressure on borrowers who now have bigger interest payments than they previously anticipated.

Houses have appreciated significantly for decades but it seems that the latest hikes could be too much for first home buyers, or those paying a mortgage.

Image: Image Credit: Shutterstock: Andrii Yalanskyi

Produced By: Roderick Chambers, and Andrew Herlinger

Featured In Story: Hayden Groves, President of the REIA

First aired on The Wire, Wednesday 3 August 2022