Number of borrowers at extreme risk climbs to 20pc

RESIDENTIAL PROPERTY

OVER 1.5 million Australians remain “at risk” of mortgage stress, according to new research from Roy Morgan, while those considered “extremely at risk” now make up nearly 20% of...

The data shows 1,527,000 – 30.3% of all mortgage holders – were at risk of mortgage stress in the three months to December, a period that included the...

The record high of 1,573,000 was reached in September, while the proportion of mortgage holders considered at risk remains below the Global Financial Crisis high of...

The number of mortgage holders considered “extremely at risk” is now at 964,000, making up 19.8% of mortgage holders. This is significantly above the 10-year average of...

Modelling by Roy Morgan suggests that further rate increases of 0.25% in both February and March would push the raw number of mortgage holders into record “at risk” territory...

“Although inflation pressures appear to be easing, there is the possibility a higher-than-expected inflation reading for December would re-ignite fears that inflation is...

Economists are expecting inflation to come in at 4.3%, giving the RBA reason to keep interest rates on pause. While that figure would represent a two-year low, services...

Levine said the variable that has the largest impact on whether a borrower falls into the “at risk” category is related to household income – which is directly...

“The employment market in Australia has been exceptionally strong over the last year and this has underpinned rising household incomes which have played a part in...

The latest Roy Morgan unemployment estimates for December show almost one-in-five Australian workers are either unemployed or under-employed – just over three million people...

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