The RBA’s interest rate rise in early May will impact borrowers around the country – but homeowners in areas like Western Sydney will be feeing the squeeze more than most.
UNSW researchers found more than one in three mortgage holders in eight Sydney marginal seats are facing financial stress, and the suburbs faring the worst are in Labor-held seats in Greater Western Sydney.
There are also signs that the mood is shifting when it comes to how much people are willing to spend on a home, with auction clearance rates down in some major Australian cities.
Reporter Stephanie Boltje went to an auction in Sydney’s south-west to gauge buyer sentiment.
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