623 | Mortgage Squeeze? How to Find Breathing Room in Your Budget

Using a simple estimate based on a steady $800,000 mortgage balance, a 1.25 percentage point rate rise adds $10,000 a year in interest. That’s a big hit to the household budget. It can also put bigger decisions on the table, like whether to sell an investment property or extend a loan term. 🛋️ In Episode 623 of The Property Couch, Ben is joined by Couch Crew members Luke Oxenham and Ben Thompson to discuss the numbers they’d look at before making those life-changing calls. Togeth...