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Market research company Roy Morgan found 1,560,000 Australians — 30.8 per cent of mortgage holders — were "at risk" of mortgage stress in the three months leading to April 2024.
Out of Victoria’s more than 2.56m households, 526,929 households are experiencing mortgage stress and 572,653 are living in rental stress, according to Digital Financial Analytics.
In 2023 about 0.37 per cent of Victorians with a mortgage – or about 3,191 people – were similarly behind, as the Coalition warns it will take more than one rate cut to save struggling households.
First signs of relief: Mortgage stress eases after RBA February rate cut. Australia’s most indebted households are beginning to feel the effects of monetary easing, as mortgage stress falls to ...
Homeowners in Victoria and the state capital of Melbourne recorded the “most significant” increase in loan arrears among Australia’s regions during the period of strong inflation and ...
Mortgage stress affects 53.3 per cent of South Australia’s home loan holders – the third-highest rate in the nation behind Tasmania on 57.5 per cent and Victoria ...
Soaring mortgage costs have pushed thousands of Victorians to the brink of defaulting on their loans. See where the worst areas are. Currently 0.66 per cent of Victorians with a home loan – or ...