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mortgage stress

Thursday, November 30

One per cent rate rise would leave two out of three in mortgage stress

Two-thirds of Australians believe a full one percentage point rise in interest rates would put pressure on their financial position.

Report shows mortgage pain spreads with COVID lockdowns

Queensland families are benefitting from fewer lockdowns and the control of COVID-19 with research showing a significant correlation between mortgage stress hot spots and COVID hot spots.

Are heat sink suburbs the answer?

Credit trap: Mortgage stress on rise despite record low interest rates

A new report warns an environment where credit growth is far outpacing income growth is unsustainable and will trigger a response from Australia’s financial regulators.

Of Australia's top 10 mortgage distress hot spots, nine are in Queensland

It sounds like an idyllic tour of Queensland: The Whitsundays, Noosa, Surfers Paradise, Coolangatta, Broadbeach. Instead it is a grim list of the top mortgage deferral hotspots in Australia.

Are you prepared to avoid mortgage stress?

Mortgage stress levels among Australians have continued to soar amid the global outbreak of COVID-19, with data showing more than 1.4 million Australian households are now in mortgage stress and almost 100,000 could soon default on their loans.