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1.Market Observations, 8.Was Sticky

1 Feb 2017 (AFR) – Roy Morgan finds 7 per cent of mortgage holders have equity risk

(1 February 2017, AFR, p32, by Su-Lin Tan)

‘About 7 per cent of Australian mortgage holders have little or no real equity in their homes, a report by Roy Morgan Research says. In the 12 months to October 2016, the value of 302,000 homes were equal or lower to the mortgage owed on them, although that number has improved from 345,000 in the same time in 2015.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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