Connect with us

Buderim News

Households in mortgage, rental stress top 4 million, and it’s likely to get worse




Friday March 05, 2021

About 4 million Australian households were now impacted by some form of mortgage stress as people “spend” harder and reduce their savings, according to Digital Finance Economics.

Mortgage and rental stress is on the rise. Photo: Ben White/Unsplash

The company said despite record low-interest rates, mortgage stress was growing in Australia and now affecting 1.5 million owner-occupier households.

Adding to the is the 35 per cent of renters feeling the pinch and investment property stress at 26 per cent.

“In total, around 4 million households are being crunched…

Click here to view the original article.

Continue Reading

You might also like ...

Migration slump could gift SEQ a building ‘catch-up’ decade
REMINDER: Applications close on 30 April. Applications for 2021 Wanderers Schol…