RESIDENTIAL PROPERTY
MORE than 1.57 million Australians, or 30.3% of mortgage holders, are now at risk of mortgage stress, despite interest rates remaining unchanged...
According to the latest research from Roy Morgan, a record high 1,573,000 mortgage holders are now considered “At Risk” of “mortgage stress” in the...
This period saw ongoing rises to those “At Risk” despite the three-month period seeing no further RBA hikes to the cash rate...
“The RBA’s decision to leave interest rates unchanged in recent months came as inflation decreased compared to earlier this year. However, in recent months inflation has...
“This is the first time official inflation has increased for two straight months so far this year – the last time was at the cyclical peak in December 2022 at 8.4%...
Over 760,000 more households were found to be at risk of mortgage stress after a year of RBA interest rate increases since May 2022...
The share of mortgage holders at risk (30.3%) is still below the record highs seen throughout the Global Financial Crisis, due to the larger volume of the Australian mortgage...
With the record high of 35.6% of mortgage holders in mortgage stress during the GFC reached in mid-2008...
While the number of mortgage customers deemed “Extremely At Risk” is now at 1,043,000, or 20.5%, which is well above the long-term average of 15.3% over the...
“Of even more concern is the rise in mortgage holders considered ‘Extremely At Risk’, now estimated at 1,043,000 in September 2023. This figure has more than...
“When considering the data on mortgage stress, it is always important to appreciate interest rates are only one of the variables that determines whether a mortgage holder is...
According to Roy Morgan modelling, the impact of two interest rate hikes of 0.25% in November to 4.35% and in December to 4.6%, would see mortgage holders at...
This would see the number of mortgage holders at risk increase to 1,581,000 in November and to 1,612,000 in December...
“The latest figures on mortgage stress show that rising interest rates are causing a large increase in the number of mortgage holders considered ‘At Risk’ and...