RBA Governor PANICS After 170,000 Melbourne Families DEFAULT on Mortgages

More financial pain is on the way for Australian households as the Reserve Bank hiked interest rates for the third time this year.

Australian mortgage holders now facing the Hormuz rate hike.We have an inflation challenge in our economy which is made worse by the war in the Middle East.

I'm really feeling quite stressed about the cost of living at the moment.People are struggling.The cost of living is absurd.

The third rate rise this year, another 25 basis points to 4 .35%, slugging Australia's 3 .6 million What is your biggest cost at the moment?

Mortgage repayment we put $4 ,000 a month away and for fuel I fill up.maybe twice a fortnight, three times a fortnight, and it's $150 a tank.

Family is being whacked while they're down.I think they are going through a lot of challenges.Inflation and high interest rates have beaten this treasurer.

As a result, some landlords could sell up, freeing up properties for first home buyers.

It's an absolute joke.There's no way this isn't going to cause massive rental stress and pressure.

I think it reduces the amount of investors in the market.This is coming at a time where we've only got 1 .7 % of the housing stock is available for rent.So it's a very tight, rental market.

They're going to increase rents, build fewer homes and kneecap young Australians by taxing their first home deposit when it's invested.

A fight that's costing families.

Today's hike officially wiped out all rate relief given to Australians last year.

Consumers would be expecting it but this one will hurt.I'm already exhausted.I don't have any money to pick up more work but I have to.

Things are getting too expensive.And whatever the government need to do, please wake up.

Look at the people.They are struggling.A Melbourne educator named Bianca Gambrill watched her mortgage repayments climb by $600 every fortnight after the Reserve Bank of Australia's May 2026 rate hike.$600 every two weeks.That's $1 ,200 a month gone.her household budget before her family pays for groceries, fuel, utilities or anything else.

The case is documented by name in ABC News reporting from May 2026.She is not an outlier.She is the median Melbourne mortgage holder case in 2026, because the official Roy Morgan projection confirms that following the RBA's third consecutive 2026 rate hike, the share of mortgage holders classified as at risk of mortgage stress has now climbed to 30 .4%.That's 1 .64 million Australians.And the worst single documented rate reset on the public record right now, an ANZ borrower whose fixed rate of 1 .94 % rolled over to a new variable rate of 6 .84%, saw their monthly repayment jump from $1 ,640 to $2 ,798, a $1 ,158 increase per month from a single fixed rate expiry.

Today's rate rise, another dagger to the heart of the family budget.With everything going up except wages and the threat of more rises to come, tonight a cry from people at breaking point.Today's rate rise, a hammer blow.

It has gone up.It's another shift I have to find.

On the streets of Sydney, Melbourne and Brisbane, taxpayers' pressure points laid bare.

This country was the best country to live in.Not anymore.It used to be the luckiest country.

I feel like I'll never be able to afford a house with the cost of living at the moment.

Nathan and Emma will now need to find an extra $90 a month for their mortgage.It makes it an extra $270 a month since the start of the pandemic.

Truthfully, not at this moment.It's diminishing.Stress of living and whatnot, we've even considered about selling.

Today I'm going to walk you through exactly which Melbourne borrowers are now sitting inside the worst repayment shock in this country's modern history.the three structural decisions that put them there, the international precedent telling us whether this resolves or accelerates, and the real -time data showing how it is already rippling through the Melbourne rental market, with verified numbers from the Reserve Bank, the Australian Bureau of Statistics, Catality, Roy Morgan, APRA, NAB, the Australian Prudential Regulation Authority, and real first -person stories from the Australians stuck inside this trap right now.Let's get into it.

The Reserve Bank has delivered another hammer blow to many Australian families with the third interest rate hike in a row.

With the oil crisis hitting motorists, headline inflation again soaring and economic growth slowing, the RBA board voting 8 -1 for another hike.As the government dodges reports it's planning a cost of living cash splash in next week's budget with economists warning that would send inflation even higher.

It's up a quarter of 1 % to 4 .35 % wiping out all of last year's cuts and it gets worse.

More pain for households and a budget headache for the government.If Jim Chalmers does deliver that cash relief next week, it could be a double -edged sword.

Right, let's start with the number that should worry every Melbourne household watching this.ABC News confirmed in May 2026 that a homeowner with a $750 ,000 mortgage is now paying $455 more a month than when the RBA first began lifting rates.That's $5 ,000 more.a year, gone, out of after -tax income, and $750 ,000 is not an unusual mortgage in Melbourne anymore.The Australian Bureau of Statistics, December 2025.Lending indicators data confirms the average new owner -occupier loan now sits at $736 ,000.

Canstar's data spokesperson, Sally Tindall, went on the record bluntly.Her exact phrase, that's not the property price, that's the size of the debt people are agreeing to take on.Translation, the average new Melbourne household isn't buying a house at $736 ,000 anymore.They are borrowing that much on top of their deposit to buy something already worth significantly more.

is to hit every single mortgage holder once again.This isn't just the mortgage holders, it's the renters as well, the small businesses that'll hurt here.

Kyle Lockwood's budget is already tight.Now he's facing higher mortgage repayments and some tough decisions.Kyle spends more than half his income on his home loan.

This mortgage broker in Melbourne's outer suburbs says borrowers are feeling increasingly stressed.

Yes, I heard that.Yeah, it's not good news.Most of my clients, first time buyers, they are in panic mode." The full Melbourne picture sits on top of that.NAB's April 2026 Melbourne Property Market Insights PDF confirms the median Melbourne house value is now $982 ,876.NAB's same data confirms higher priced Melbourne dwellings fell 1 .6 % over the most recent quarter.

Translation, prices are not rising fast enough to offset what borrowers are now paying.in additional interest.The National Housing Supply and Affordability Council's State of the Housing System 2026 report, released April 24, 2026 by the federal government's own housing advisory body, confirmed three numbers in a single document that capture the entire crisis.Australian households now spend 45 .9 % of median household income just to service a new mortgage.It takes 11 .2 years to save a deposit.And the share of median household income required to pay rent on a new lease has hit an all -time high of 33%.

The maths doesn't maths.

Renters are screaming.I think it does show that the rental market is becoming much more fragmented across our different capital cities.

Analysts at Domain think that renters literally can't afford to pay anymore.

I think the affordability ceiling is really capping how fast and how far rents can rise.

In more bad news for renters, mortgage repayments for their landlords might go up soon because many economists are predicting a rate hike or two in 2026.

It does make it more challenging.for tenants to transition to being a first home buyer.Obviously the cost of holding debt becomes higher and it also impacts borrowing capacity.

The Australian Prudential Regulation Authority, APRR, confirmed in its December 2025 quarterly property exposure data that total mortgage credit outstanding across Australian banks has now reached $2 .475 trillion, up 6 .6 % year -on -year.Read that number again.$2 .475 trillion.That's the size of the debt that the RBA's three 2026 rate hikes are now squeezing.And the riskier loans, those with debt to income ratios of six times or higher, climbed from 5 .8 % to 6 .8 % of new lending in that same window, just before APRA intervened.Translation, Australian banks were lending into the very borrower cohort least able to absorb a rate reset, right up until APRA pulled the handbrake.

The Reserve Bank has hiked interest rates for the third time in a row, delivering another blow for the millions of Australians with a mortgage.

A rate hike hat trick, and likely more to come.The Reserve Bank today voting 8 -1 to raise the cash rate from 4 .1 % to 4 .35%.Compared with the start of the year, a family with an $800 ,000 mortgage is now paying the bank an extra $363 a month.The banks wasting no time passing the hikes on in full.

Now I understand this is a really difficult time for households who are already facing higher fuel prices and other cost of living pressures.

In the last year alone the average loan size has risen by 10%.Of course we're all worse off because the cost of everything is higher and we're told inflation is still accelerating.

Now here's a real Melbourne mortgage holder living that maths.A homeowner posted on the r slash osfinance subreddit in late 2025 with a thread titled, My mortgage takes half off my monthly pay.Their exact words copied verbatim.Their mortgage takes half off their monthly pay and the remainder is eaten up by utility bills, council rates, groceries and health costs.One sentence, one Australian.the full reality of what Roy Morgan and the NHSAC are documenting in numbers, written by someone living through it.

A separate post on rslashosfinance captured the cohort right behind them.A first home buyer couple with $1 .03 million pre -approval net combined income $11 ,000 a month projected mortgage repayments $5 ,950 a month over 50 % of household income.The top -voted reply confirmed what every Melbourne household needs to understand.In major Australian cities, mortgage repayments now consume 30 -50 % of take -home income.Anything below 30 % is increasingly rare.

Australians need to brace for a 10 % hike to their rent, according to property experts.After the government's huge tax changes, negative gearing and capital gains tax discounts have been wound back, making it less attractive to invest in certain properties.

Pretty much up 200 bucks per month, so that's another two grand a year.People got no money.

The latest hike takes the cash rate back to where it was at the start of 2025.If it's increased again to 4 .6%, the highest level in close to 15 years, a homeowner with a $750 ,000 mortgage will be paying $455 more a month.

To be fair, not every Melbourne household is in this state.Borrowers who fixed at the bottom of the rate cycle in 2025, before the 2026 hike cycle restarted, are still inside their lower repayment window for now.Households with substantial offset balances and conservative loan -to -value ratios are absorbing the increases comfortably.The crisis is concentrated in three specific cohorts.First, 2021 and 2022 peak market buyers with maximum leverage.Second, fixed rate borrowers rolling onto current variable rates for the first time.

Third, investors carrying the full Victorian tax stack.The data confirms each of these cohorts in turn.Victoria, the tax state.

That's what actually should be on our number plate.The issues around costs and taxes are particularly grim, especially for Victorians, because we've got many more taxes associated to housing than any other state.

If you're going to buy a home, your dream home, the government says, oh, we need some stamp duty.Tax, more tax.If a developer decides to build a project, they're hit with a contribution fee.tax.If the average mum and dad buy an investment property, they're hit with land tax.If the average person buys a property and it stays vacant because they can't rent it, they're hit with land tax and vacant land tax.

Now, if you want to go deeper than what I can cover in these free videos, I've launched a channel membership.Members get exclusive videos that don't go public.You can ask what I cover next.You get a member's badge so I can spot your comments first, and I'll prioritise replying to you.Just click the link in the description or scan this QR code right now.But here's what nobody is telling you.

None of this happened by accident.The Reserve Bank's 4 .35 % cash rate in May 2026 is exactly where the cash rate sat at the start of 2025.Read that again.Every single rate cut delivered to Australian borrowers across 2025 has now been reversed by three consecutive hikes in 2026.The RBA's own October 2025 Financial Stability Review went on the public record stating that household arrears were at their lowest since 2022, that only about 2 % of variable rateowner -occupier borrowers were facing a cash flow shortfall, and that household cash flows were improving.

Seven months later, Roy Morgan is projecting 30 .4 % of Australian mortgage holders are at risk of stress.Translation, the central banks all clear from late 2025 age catastrophically within seven months.three structural decisions and one industry signal converged on Melbourne households in a way that has no precedent in modern Australian banking history.I can show you the receipts.

First to nine, it is third time unlucky for mortgage holders.The Reserve Bank lifting the official cash rate again to 4 .35%.

Today, as you know, the board decided to raise the cash rate by 25 basis points.The Australian economy is getting absolutely pummeled.The RBA now expects headline inflation to peak at 4 .8 % in June.These interest rate rises are not going to do anything for inflation in the next six months.Right.

Decision number one.The Reserve Bank reversed its entire 2025 rate -cutting cycle in three consecutive hikes across early 2026, returning the cash rate to 4 .35 % in May.Mortgage choice confirmed the impact on a $750 ,000 loan.Monthly repayments rose by approximately $130 in the May hike alone.Across the three 2026 hikes combined, the same loan is now costing roughly $455 a month, more than it did at the rate cycle low.Trading Economics' historical mortgage rate chart shows the variable mortgage rate peaked at 6 .15 % in early 2025, briefly dipped, and is now back at 5 .92 % and rising.

The Westpac Home Loan Rate Change Calculator confirms the leveraged effect.On a $600 ,000 loan, moving from a 2 % fixed rate to a 6 .5 % variable rate produces an approximate repayment jump of $2 ,280 to $3 ,800 per month, a $1 ,520 monthly increase per loan.for exactly the cohort that locked in pandemic -era fixed rates.Decision number two.The Victorian government's land tax stack, layered through the COVID debt repayment plan from January 2024, made Melbourne investment property uneconomic at exactly the moment the rate cycle reversed.The realestate .

com .au reporting on the 2026 -27 Victorian budget confirmed Victoria's land tax revenue is now coming in $200 million below forward estimates, and $128 million below where it was just two years ago.Translation?The tax was supposed to raise revenue.Instead, the investors paying it have left, taking their rental properties with them.A documented case from r slash os property chat captures the scale on the commercial side.

A manufacturing business in Dandenong reported their annual Victorian land tax bill jumped from $8 ,700 ten years ago to $203 ,600 in 2025, a 2 ,241 per cent increase over a decade.The same business publicly confirmed they are considering exiting Victoria entirely.

We know the cost of everything is going up, but one of Angie's bills has jumped by more than 2000%.

Angie's wondering how many days he's got left.

It feels like we're here working.year after year just to generate money for the state government.

Ten years ago, his land tax bill was $8 ,700.This year, it's a whopping, that's a 2 ,240 % increase.

It doesn't affect the state government.They don't care about us.

It's small business owners left to grapple with their futures.

Now we're being punished for just being here.

Decision number three.Australian banks lifted fixed mortgage rates independently of the RBA, raising the cost of every refinance and every fixed -rate rollover even before the May 2026 hike landed.APRA's macroprudential intervention in November 2025, the limit capping banks to 20 per cent of new home loans with debt -to -income ratios above six times, confirmed that the regulator could see the risk building.Translation The prudential regulator pulled the handbrake on bank lending two months before the rate cycle reversed.Both the central bank and the prudential regulator could see the cliff.The borrowers caught at the bottom of the fixed rate cohort could not.

These changes are coming in as a bit of a guardrail against what APRA sees as some higherrisk type lending, protecting ourselves against where we might get to in terms of systemic risk.

A second human story confirms the rental contagion side of the same decisions.A Melbourne investor posted on r -slash -ossfinance describing exactly the position the Victorian tax stack creates.They owned a three -bedroom unit in a well -established Melbourne suburb.They had been charging $50 to $70 a week below market rent for years to avoid the hassle of finding new tenants.Their position was neutral cash flow at best.The 2024 land tax change wiped that neutral position out.

They had an agent ready to list.Multiply that decision across the 22 .1 % of Melbourne investors who actually sold across 2025, and the 5 ,565 Melbourne rental homes dumped in just the most recent quarter, and you understand why the rental side of the crisis is now compounding the mortgage side.To be fair, the Victorian government's stated rationale for the 2024 land tax was rebuilding state finances after the pandemic.That is a legitimate policy goal.The problem isn't the goal.The problem is the second -order effect that nobody priced in advance.

The same tax that was supposed to extract revenue from investors has instead extracted the investors themselves, pulling rental supply out of the market exactly as the RBA's reverse rate cycle made every remaining mortgage holder more expensive to maintain.Renters lost supply.Owners lost their fixed rates.The cure created two different diseases simultaneously.

A growing number of economists around the country are warning of a decline in Australian house prices.The forecast comes amid higher interest rates, property tax changes and ongoing debt.economic uncertainty.

Interest rates have gone up three times already, and so we've had a tightening in financial conditions.As a result, some landlords could sell up, freeing up properties for first -home buyers, but decreasing rental supply.We're expecting house price declines.They're not going to decline even more, because actually, you're going to get some support from first -home buyers in the market.

And here's the stat I have been holding back.The realestate .com .au, reporting from May 2026, citing founded research, confirmed Australian landlords dumped a record 22 ,640 rental homes onto the sales market in the most recent three months.Of those, 5 ,565 were in Melbourne.Read that figure again.

5 ,565 Melbourne rental properties in a single quarter.The same article confirmed about 21 % of every home listed for sale in both Sydney and Melbourne over the period was a previous rental property.Translation?One in five.Melbourne home sales right now is a former rental being liquidated by an investor exiting the market.Let that sink in.

The rate shock isn't just hitting the mortgage holders.It's reshaping who owns Melbourne housing.Infolio Property, a Melbourne luxury market specialist with two decades of operating history, published an industry insider commentary in March 2026, putting the scale on the record.Their exact phrasing, in all our decades operating in Melbourne's luxury property market, we haven't seen this many clients offloading investment properties at the same time.Good, long -term tenants who've lived in the same property for years are receiving notices to vacate.Translation, this isn't an investor exodus that begins with a vacate.

vacant rentals quietly being sold.It is an exodus that begins with sitting tenants being given notice to make way for an owner -occupier sale.The 5 ,565 quarterly dumps aren't all empty properties.A significant share of them are properties where the existing renter is being displaced into the same tight market that the rate shock just made worse.The Westpac economics team has now formally forecast three additional RBA rate hikes across May, June and August 2026, which would push the cash rate to a 17 -year high and accelerate every component of what is documented above.

A prominent property investor has weighed in on the political war over housing, predicting this week's federal budget measures will drive a new wave of rental stress.

biggest lie that's ever been told.They're going to increase rents, build fewer homes and kneecap young Australians by taxing their first home deposit when it's invested.

So how does the rest of Australia compare?KPMG's April 2026 internal migration analysis confirmed Melbourne lost a net 8 ,500 people to other Australian cities in the year to June 2025.Brisbane gained 11 ,000 net internal migrants in the same period.Perth gained 8 ,000.KPMG's own urban economist named the cause on the public record, a broader shift away from many of the country's capital cities andinternal migration patterns continue to be dictated by affordable housing.

Translation, Melbourne's mortgage shock isn't being absorbed locally.It is being voted on with feet by 8 ,500 people in a single year who have already decided the maths doesn't work and have moved interstate.The realestate .com .au reporting from February 2026, citing Finder data, confirmed 35 % of Australian homeowners report finding it challenging to meet their mortgage obligations, and 12 % had missed at least one mortgage payment in the previous six months.The ABC News article from May 2026 added another data point that captures the human side.

The National Debt Helpline received over 65 ,000 calls in the first four months of 2026 alone.Financial Counselling Australia's CEO went on the record.Compared to April of last year, the helpline has seen a 21 % increase in calls and a 45 % rise in the use of the chat function, translation, The formal financial distress infrastructure of this country is now being used at rates not seen since the worst of the 2022 -2024 rate hike cycle.

Australians are increasingly pessimistic about the future.Life satisfaction is going down, financial stress is going up.50 % of Australians believe life will be worse in 50 years.Some of the issues are things like whether the government is doing enough on climate change, whether the economy is kind of improving and also whether people feel kind of worried about the long -term labour market.If our leaders are seen to be the reason for that long -term decline, than I think people will either look for.other parties or put their vote somewhere else.

A third human story captures the strange asymmetry between owners and renters that is now showing up in the same data.A commenter on r slash auspropertychat, in a thread responding to a Guardian article on the mortgage cliff, posted what is now one of the most upvoted single observations in the entire Australian property subreddit ecosystem.Their words copied verbatim, mortgage payments are expected to increase by just $150 each month.In contrast, renters have experienced a rise in their rent by $150 every week.Read that side by side.Owners absorbing $150 per month.

Renters absorbing $150 per week.That comment received 95 upvotes from a community of property holders, investors, and first home buyers.Translation.The rate cycle is not a single shock falling equally on everyone.It is a wedge.Owners absorb the slower compounding hit.

Renters absorb the faster front -loaded hit.Both are inside the same crisis.Both are paying.Now compare Australia to the rest of the world.UK Finance's Q4 2025 mortgage arrears data confirmed UK homeowner mortgages in arrears at 0 .92 % of all loans.Compare that to APRA's December 2025 confirmation that 0 .99 % of all Australian mortgages are now non -performing.

Read those numbers side by side.Australia is now running at marginally higher mortgage arrears than the United Kingdom, a country dealing with its own cost of livingits own rate cycle, and a sharper inflation overhang than Australia ever recorded.Translation, the country that gets less attention for its housing crisis is, on the formal arrears measure, in roughly the same position as the country that gets all the attention.Mate, Canada offers the closer parallel.Desjardins Economics confirmed in April 2026 that Canadian home ownership affordability relief is already fading, with variable -rate Canadian borrowers losing the tailwind that supported improved affordability through 2025.

The Canadian rate cycle, the brief relief of 2025 cuts, and the 2026 reversal, same trajectory as Australia.New Zealand offers the warning ASB, one of New Zealand's major banks, lifted mortgage rates independently in 2026, citing volatile geopolitical tensions ahead of any Reserve Bank of New Zealand move.NZ arrears at 1 .38 % in August 2025 sit above Australia's 0 .99%.The country that preceded Australia into the rate cycle is now showing where Australian arrears are likely heading.The Forbes Australia 2026 Global Affordability Ranking, built on demographia data, puts the international comparison in one sentence.Sydney's price to income ratio sits at 13 .8, the second least affordable city on the planet behind only Hong Kong at 16 .7.

Melbourne sits at 9 .08, the seventh least affordable city on earth.London at 9 .1.Translation?Melbourne is now...structurally more unaffordable than London.After this scale of rate hikes, after this scale of investor exodus, after 24 ,716 rental properties left the market, the affordability metric hasn't improved, it has worsened.

The Forbes data confirmed Australia's median house price now sits at 8 .9 times annual income, up from 6 .6 times only five years ago.A new loan devours 45 % of the median household salary.Saving a 20 % deposit takes 12 years.

High stakes battle to secure somewhere to live.

Queuing for first dibs on a tiny cottage for rent.42 have registered.Prospective tenants desperate to call it home.

We've only just started looking, but in the past it's been really, really hard.

In Victoria, the rental pool is shrinking as investors sell up.Some blame increased land tax and expensive new rental requirements.

Rental affordability is the worst it's ever been.

Tenants are under extraordinary pressure.A chronic property shortage is pushing rents to record highs across the country.So what happens next?

The forecast split three ways.Best case, The May 2026 hike is the cycle peak.Inflation cools through the second half of 2026.The RBA holds for two quarters and starts cutting again in early 2027.Westpac's current three -hike forecast gets only one more delivered.The 30 .4 % at -risk Roy Morgan projection peaks in mid -2026 and starts to recede.

Melbourne house prices stabilise around the current $982 ,876 median.The $5 ,565 quarterly rental dumps slow as investorscash flow improves.Painful, but recovering.Realistic case, and this is where most of the data is currently pointing, Westpac's published forecast plays out.Three more rate hikes across May, June and August 2026 pushed the cash rate to a 17 -year high.

SQM Research's revised base case for Melbourne dwelling prices, already published at minus 1 to minus 6 per cent for 2026, moves toward the lower end of that band.The 30 .4 per cent at -risk figure pushes through 35 per cent.National Debt Helpline call volumes keep escalating from the current 21 % year -on -year pace.The 8 ,500 -person net Melbourne exit grows toward 15 ,000 across the full 2026 calendar year.Worst case, SQM's adverse scenario delivers.Melbourne dwelling prices fall 4 % to 9 % across 2026.

The cash rate pushes past 4 .6%, and the $1 .64 million at -risk Roy Morgan projection becomes $2 million by end of year.The Canadian peak -to -trough trajectory, 19 .3 % from peak, starts to look like the realistic Australian path.NHSAC's 45 .9 % of income required to service a new mortgage pushes through 50%.The Melbourne median falls under $950 ,000 for the first time since 2021.Absolutely cooked.So what does this mean for you, depending on where you sit?

If you're a Melbourne fixed rate borrower coming off a sub 2 % rate locked in during 2021 or 2022, The documented ANZ case shows your repayment could rise by $1 ,000.a month on a moderate loan.Use the Westpac Rate Change Calculator to model your specific number before your renewal lands and lock in a conversation with a mortgage broker now, not after the next hike.If you're a current Melbourne mortgage holder on variable rates, the $455 a month documented increase on a $750 ,000 loan is the baseline.Every additional 25 basis points adds roughly $130 a month to that same loan.Run your numbers against a 4 .85 % cash rate scenario.

Not just today's rate.If you're a Melbourne investor, The Victorian Government's own budget papers now confirm $200 million in missing land tax revenue from the investor exodus.PIPA data confirms 22 .1 per cent of Melbourne investors sold in 2025.And the most recent founded data confirms 5 ,565 Melbourne rental properties were dumped in a single quarter.If you're a Melbourne renter, The same investor exit that crushed landlord cash flow has reduced the rental pool you are competing for.Lock in your current lease while you can?

If you're a first home buyer, the $736 ,000 average new owner -occupier, loan size is what the typical Melbourne buyer is now agreeing to carry.Run your stress test at 7%, not 6.Here's the truth.1 .64 million Australian mortgage holders are now classified as at risk of stress.The documented ANZ case confirms a single fixed -rate expiry can wipe $1 ,100 a year.a month off a household budget.

Roy Morgan projects 30 .4 % of mortgage holders at risk after the May 2026 hike.And verified data from Foundit and KPMG confirms 5 ,565 Melbourne rental properties were dumped in a single quarter, while 8 ,500 Melbourne residents quit the city.I'll be covering the rate cycle, the rental supply collapse, and the investor exodus every week.Subscribe to Aussie Explained so you don't miss the next video.Thanks for watching.See you in the next one.