Business
First-home buyers told to think twice about large mortgages – The New Daily
Aspiring home owners and up-sizers are being warned to think twice about taking on large mortgages even though interest rates are at record lows.
Aspiring home owners and up-sizers are being warned to think twice about taking on large mortgages even though interest rates are at record lows.
All 40 economists and property analysts surveyed by comparison site Finder believe the Reserve Bank will keep the official cash rate on hold at its monthly meeting on Tuesday.
RBA governor Philip Lowe has previously said the official rate is unlikely to rise for at least another three years.
But 16 out of 28 Finder experts tipped banks to increase r…
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