The suburbs facing highest mortgage risk

[{"selector":"#anim-76b0b690-1622-4300-9908-0e3a62a0c2cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] NEARLY half of all NSW suburbs are set to be at high mortgage risk by May in the face of another rate hike, high house prices and... Read more

[{"selector":"#anim-14dd16cb-7420-464f-ab12-361aae3cfc28 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] PEXA’s new Emerging Mortgage Risk looks at the economic factors’ impact on those who have recently purchased residential property... Read more

[{"selector":"#anim-59ef330d-7ed5-41b8-b4e1-a4494d3c2ea0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] As part of the study, “mortgage risk” is defined as how difficult it is for families within a given postcode to meet their home loan repayments... Read more

[{"selector":"#anim-0dd433cf-ef15-44cc-bbc2-79c523db567b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] NSW is set to have 181 postcodes – nearly half of all suburbs in the state – classified as being at high mortgage risk by May, when the... Read more

[{"selector":"#anim-9331209f-167a-4489-ba8c-6825a2f201cf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The majority of the very high-risk postcodes in New South Wales were located in greater Sydney, led by Northbridge, on the... Read more

[{"selector":"#anim-388fa741-7220-4715-8119-553355c6756f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Notably, this pattern was not seen in Queensland, where regional postcodes were more prominently recorded as being at high-risk... Read more

[{"selector":"#anim-20dc4529-8333-4687-9cf7-d8e3b734c844 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The income distributions of high-risk postcodes in New South Wales and Victoria were similar and encompassed both high and... Read more

[{"selector":"#anim-91ddf987-8b66-4f5f-b788-59e92b9bfc20 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Queensland’s higher-risk postcodes, meanwhile, skewed towards lower-income areas, where 37% were low-income postcodes and only 11% were very... Read more

[{"selector":"#anim-fd354919-5e90-4aea-ba91-32870a827c27 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The research found that in NSW, borrowers will require an extra $15,985 per year on average to meet their loan repayments... Read more

[{"selector":"#anim-544a9dcc-e687-4cdc-87df-1888cebf4d35 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] While families in higher income postcodes are generally expected to be more insulated against potential mortgage risk... Read more

[{"selector":"#anim-7b3129bb-2d44-43b1-b8f0-07812b461f0f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “With interest rates continuing to rise and the cost of living also squeezing the budgets of households, there has been a pronounced spike in... Read more

[{"selector":"#anim-36563b4e-1dd3-4f1d-a763-36c65c1fb76b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] “In addition to these factors, with an estimated 800,000 fixed rate loans due to expire during 2023 – and reset at a significantly higher cost... Read more

[{"selector":"#anim-97786900-35f5-404e-9308-906a4a8ec304 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] More than 1.45 million homeowners will be considered “at risk” of mortgage stress if the Reserve Bank of Australia decides to return to... Read more

[{"selector":"#anim-91adf4a2-c783-4b39-ba75-0e2056de6708 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.5527136788005e-15%, 2.528317205966838e-7%) scale(0.8333333333333334)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] There were already 1.23 million mortgage holders – more than one-quarter of all mortgage holders –at risk of mortgage stress in the... Read more

[{"selector":"#anim-bb6de2bc-aa48-4913-b308-8527a0e005e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(4.932693372218877e-15%, 2.5074219883873775e-7%) scale(0.8264462809917356)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Australian prime and nonconforming mortgage arrears are on the rise, according to S&P Global Ratings, as multiple interest-rate rises begin to... Read more

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The suburbs facing highest mortgage risk

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