Tbh, I wouldn’t trust the banks to be honest on this one, it would scare away customers.

I saw on interest.co.nz that there are still lots of people on 3-4% who will roll onto ~7% in the next 6 months.

It’s definitely not straight forward doom and gloom but one to watch.

I’d say there will definitely be people struggling soon but how much, hard to say. Too early to call it but if I couldn’t handle the current rates I’d be talking to my bank early.