say 500k @ 5% is 25k P.A + Outgoings
500k @ 8% is 40k
This is an extra 288 per week or $144 per person for a couple.
I think this can be absorbed pretty easy.
Even easier if they have been smashing down the loan while on the lower I/R.
I don't think its going to be the armageddon u predict...
