Pandemic heightens risk of housing stress

Housing debt was high going into the COVID-19 crisis, and liquidity buffers were low. The rapid rise in housing prices (90% increase since 2005), due in part to years of falling interest rates, has outpaced average weekly earnings (65% increase between Nov 2004 and Nov 2019) and created high levels of debt for households in […]

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What’s really happening with mortgage stress?

There’s no doubt that the economic fallout of coronavirus has left many people feeling uncertain about their future when it comes to finances. You’ve probably seen the term ‘mortgage stress’ being bandied about in the media. Some of the usual suspects are touting headlines that suggest up to one in five Australian households, a massive […]

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