Rate rises and your mortgage

Natboy

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I bought my place in February 2022, I have an offset account for my mortgage so my interest rate is variable.

For 6 months, I was paying $2400 per month and between August and April, my mortgage repayments have increased by $1400 and I'm paying nearly $4k per month and it's eating in nearly 2/3 of my monthly income.
It’s shit mate and sorry to say, likely to get worse after the budget that was announced
 
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