A survey commissioned by the Financial Brokers Association of Australia (FBAA) revealed that three-quarters of Australians believe that a one percentage point rise in interest rates would put pressure on their financial situation. “Many Australians are clearly on the brink and are sleepwalking into disaster, living in the false hope that rates will stay this low,” FBAA managing director Peter White said in a statement. The survey of 1,004 respondents, found that 57 percent said they would not be able to meet a monthly increase of $300, approximately 1 percent, in their rent or mortgage. “One percent is not a large increase. It will happen, and with the RBA recently deciding not to intervene to stop increasing yields on three-year government bonds, it will likely happen soon,” he said. “My message to Australians is that we must be better prepared.” White said borrowers had taken advantage of historically low mortgage …