1 in 10 reassessing their Xmas spending

According to an online survey, one in ten homeowners have canned their Christmas holiday plans as a result of the most recent interest rate hikes.

An online survey by mortgage broker Loan Market also found that almost two-thirds of survey respondents were re-assessing their spending due to higher mortgage loan repayments.

Unsurprisingly, 35% of the 452 respondents to the survey said the RBA and banks had "turned Santa into Scrooge''.

Seventeen per cent said they would be cooking up sausages on the barbie rather than prawns or other festive treats. However, 38% said it would be "Christmas as usual'', despite the increase in mortgage repayments.