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Mortgage pressure grows as interest rates hit a 15-year high: Melbourne Nepalis feel the squeeze - ब्याजदर वृद्धिबारे मेलबर्नका नेपाली: 'मोर्गेजमा थपिएको रकम छोराछोरीको लागि खर्चिन सकिन्थ्यो'

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Synopsis

As Australia's Reserve Bank lifts interest rates to 4.6 per cent, their highest level in 15 years, some Nepalis in Melbourne say rising mortgage repayments are placing additional strain on household budgets. Following the fourth rate rise of 2026, some say that money now going towards higher home loan costs could otherwise have been spent on their children's extracurricular activities or family expenses. - अस्ट्रेलियाको रिजर्भ ब्याङ्कले ब्याजदर गत १५ वर्ष यताकै उच्च ४.६ प्रतिशतमा पुर्‍याउँदा मेलबर्न बढेको निवासी केही नेपालीहरूले यसबाट आफ्नो दैनिकीमा परेको प्रभावबारे एसबीएस नेपालीलाई बताएका छन्।Subscribe to the SBS Nepali podcast here.Disclaimer: We would like to inform you that the opinions expressed in the segment are those of the talent himself. This information may not be appropriate for you - contact your tax agent or financial advisor for accurate advice on your situation.You can listen to SBS Nepali’s live broadcast every Tuesday and Thursday at 2 pm via SBS South Asian on digital radio,