Shock research has revealed the biggest hit Aussies are taking beats both interest rates and housing prices combined, with many taking drastic steps to combat it. A survey conducted for Great Southern Bank’s No Place Like Home report found almost half of all respondents (49 per cent) had changed their medium to long-term financial plans or savings strategy in the 12 months due to the cost of living. That one factor alone outweighed even current interest rates (22pc) and property prices (15pc) combined, with the survey findings Aussies were taking a variety of steps to cope with everything up for discussion – except kids, pets and food quality.
Read more: https://www.realestate.com.au/news/revealed-how-financial-situation-is-hitting-home-for-aussies/