Channel: ABC News (Australia)

Category: News & Politics

Tags: newsmortgage debtbusiness newscheap loansinterest rateabcreserve bankbusinessuapbondsaustraliaabc newsunited australia partyclive palmerrbacraig kellymortgagehome loanmortgage capfinance newsmortgage interestrepaymentsfinance

Description: With the cost of living surging and interest rates rising for the first time in more than a decade, a cap on mortgage repayments would come as welcome relief for millions of borrowers. But who would end up paying for it? We contacted the United Australia Party multiple times for comment and didn't get a response. Subscribe: ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: ab.co/2kxYCZY Watch more ABC News content ad-free on iview: ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2 Like ABC News on Facebook: facebook.com/abcnews.au Follow ABC News on Instagram: instagram.com/abcnews_au Follow ABC News on Twitter: twitter.com/abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia