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How to budget as interest rates rise

Having a solid budget is crucial to building financial resilience and as rising rates continue to put pressure on household finances, it could help to look at ways to save more and spend less.

With Australia being one of the most highly leveraged countries in the world1 and the average mortgage for owner-occupied properties is just over $600,0002 – any increase in home loan repayments could see millions of householders scrambling to pay the bills.

Fortunately, there are ways you can help to relieve the stress on the household budget and build financial resilience.

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