Lower rates reducing mortgage stress

Lower rates reducing mortgage stress
Lower rates reducing mortgage stress

Roy Morgan reported from its survey of over 50,000 households per annum that those at risk of mortgage stress fell by some 78,000 from a year ago to 16.8 percent, to sit well below the decade average.

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Lower rates reducing mortgage stress

Those 'extremely at risk' also fell to the lowest level in well over a decade, which is good to see. 

The high risk cohort overwhelmingly comprises lower income households, and is far less represented by households earning $100,000 per annum or more. 

PETE WARGENT is the co-founder of AllenWargent property buyers (London, Sydney) and a best-selling author and blogger.

His latest book is Four Green Houses and a Red Hotel.

Pete Wargent

Pete Wargent

Pete Wargent is the co-founder of BuyersBuyers.com.au, offering affordable homebuying assistance to all Australians, and a best-selling author and blogger.

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Home Loans Mortgage Payment

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