Mortgage stress declining
Roy Morgan reported from its survey of over 50,000 households per annum that those at risk of mortgage stress fell by some 78,000 from a year ago to 16.8 per cent, to sit well below the decade average.
Source: Roy Morgan
Those 'extremely at risk' also fell to the lowest level in well over a decade, which is good to see.
The high risk cohort overwhelmingly comprises lower income households, and is far less represented by households earning $100,000 per annum or more.