Reset for 275,000 home loans coming after fixed loans climb in NSW

First-home buyers and lower-income earners are expected to be affected when fixed loans switch to higher variable rates in New South Wales.

Reserve Bank data shows around 275,000 home loans will reset within months.

The bank expects 90 per cent of payments to rise 30 per cent or more.

First-home buyers and lower-income earners are expected to be affected when fixed loans switch to higher variable rates in New South Wales. Reserve Bank data shows around 275,000 home loans will reset within months. The bank expects 90 per cent of payments to rise 30 per cent or more.

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