Younger generations are getting the “short end of the stick” as a result of soaring interest rates but older generations have been spared the pain, according to David “Kochie” Koch. Kochie, former Sunrise host and now Economic Director at Compare the market, said young borrowers are being hit hardest by rising interest rates and soaring inflations. “If you bought your home in early 2022 under the pretence that interest rates would stay low for longer, you’ve now been lumped with the short end of the stick,” Mr Koch said. Data from Compare the Market has revealed that homeowners who bought property at the peak of the market in early…
