Mornings With John Mackenzie

John MacKenzie chats with Roger Ward, Director of Cairns Mortgage Brokers and Senior Fellow of the Financial Services Institute of Australasia, about the many households that will be forced off their fixed-rate home loan. The Reserve Bank of Australia has data revealing that 53% of Queenland home loans will be pushed back on to a variable rate. The end of a fixed-rate loan could mean an average increase in payments of $1114.