Top level findings:

• The average Australian household with a mortgage could suffer a $15,000 annual hit through higher servicing costs and inflationary pressures.
• Rising costs and higher debt servicing will potentially impact broader consumption and risk, sending Australia into a period of recession.
• Millennials appear most at risk; if forced to sell the family home as interest rates rise, those under 35 risk being left with substantial debt if house prices fall to pre-COVID levels.
• Recent borrowers most at risk live in Western Sydney, South Western Sydney, outer Brisbane and Perth, Northern Adelaide and in parts of regional Australia.