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Almost one million Aussie households are staring down a mortgage 'time bomb'
Almost one million middle-income Australian households are facing a mortgage time bomb as soaring living costs plunge families into repayment stress. A new analysis by Digital Finance Analytics (DFA) has shown that the number of households currently in mortgage distress has risen by 20 percent in the last six months to 910,000. At the current rate, more than one million households will be struggling to make repayments on their home loan in 2018. Primary factors ratcheting up the stress faced by families include stagnant wage growth, living pay cheque to pay cheque and the looming threat of a rise in interest rates. ... (full story)
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- Nov 3, 2017 2:47am Nov 3, 2017 2:47am
- LuKa12
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- Aussi
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IF,BUT,MAYBE,WHEN IT GETS TO, WAITING FOR
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- Dutchy Daxy
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"It's better to be out wishing to be in... than to be in wishing to be out!
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- Sniper2000
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