Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Friday, 23 June 2017

Lower rates reducing mortgage stress

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.