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1.Market Observations, 8.Was Sticky

2 May 2017 (AFR) – Record numbers under mortgage stress

(2 May 2017, AFR, p7, by Duncan Hughes)

‘Record numbers of Australian households face mortgage stress as large loans and rising interest rates start to bite, according to detailed analysis of lending, repayments and household incomes. Affluent suburban postcodes feature among an estimated 1000 households a week expected to face mortgage default over the next 12 months, the analysis reveals. “Debt stress momentum is unprecedented,” according to Martin North, principal of research firm Digital Finance Analytics, who has been doing the survey for more than 15 years. ‘

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

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