Meh, they'll drop back to Interest Only payments and be covered up to retail rates around 9%.
No need for people to be jumping off cliffs, just manage their affairs to get through a rough patch. If we see rates at or around 10% in the next 18 months, we will have much bigger things on the horizon to worry about.
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- cash rate up 25 points
Meh, they'll drop back to Interest Only payments and be covered...
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