RBA admits some may need to sell home, as more Aussies turn to side hustles
A staggering majority of home owners are turning to side gigs and second jobs as they wrestle with interest rates that the RBA concedes are not going down and may lead to people losing their homes.
RBA Governor Michele Bullock delivered some bitter medicine to those hoping an interest rate cut was imminent. (Image source: Reserve Bank of Australia)
Like hundreds of thousands of other borrowers struggling to make ends meet, Bec Hopson has transformed her hobby into a side hustle to help pay the mortgage.
Ms Hopson is among more than two thirds of Australian home owners who have started or are considering a side hustle, hobby business or a second job to help with their home loan repayments.
None of them would be any less likely to do so in the wake of Thursday’s speech by Michele Bullock, G…
