Mortgage Stress Grinds Higher In June

Digital Finance Analytics has released mortgage stress and default modelling for Australian mortgage borrowers, to end June 2017.  Across the nation, more than 810,000 households are estimated to be now in mortgage stress (last month 794,000) with 29,000 of these in severe stress. This equates to 25.4% of households, up from 24.8% last month. We … Continue reading “Mortgage Stress Grinds Higher In June”

Lower interest rates reducing mortgage stress – Roy Morgan

New results from Roy Morgan’s mortgage stress data show that in the three months to April 2017, 16.8% or 666,000 mortgage holders can be considered to be ‘at risk’ or facing some degree of stress over their repayments. This compares favourably with 18.4% or 744,000 mortgage holders 12 months ago. These are the latest findings … Continue reading “Lower interest rates reducing mortgage stress – Roy Morgan”

What’s The Correlation Between Mortgage Stress And Loan Non Performance?

Last night DFA was involved in a flurry of tweets about the relationship between our rolling mortgage stress data and mortgage non-performance over time. The core questions revolved around our method of assessing mortgage stress, and the strength, or otherwise of the correlation. We were also asked about our expectations as to when non-performing mortgage … Continue reading “What’s The Correlation Between Mortgage Stress And Loan Non Performance?”

Mortgage Stress Accelerates Further In May

Digital Finance Analytics has released mortgage stress and default modelling for Australian mortgage borrowers, to end May 2017.  Across the nation, more than 794,000 households are now in mortgage stress (last month 767,000) with 30,000 of these in severe stress. This equates to 24.8% of households, up from 23.4% last month. We also estimate that … Continue reading “Mortgage Stress Accelerates Further In May”

Record numbers of home owners approaching Mortgage stress

From Ten Eyewitness News When it comes to paying off the Mortgage, it’s a slippery slope that could see the entire house of cards come tumbling down. New figures released by the Australian National University have found that one in five Aussies are constantly struggling to pay their mortgage, while others have admitted to falling … Continue reading “Record numbers of home owners approaching Mortgage stress”

Mortgage Stress On The Radio

I had the chance to discuss our latest mortgage stress research with Jon Faine on ABC Radio Melbourne today. The ABC also did an on-line segment based on the interview: Almost 52,000 Australian households are at risk of defaulting on their mortgages in the next 12 months and a quarter of home owners are under … Continue reading “Mortgage Stress On The Radio”

Wealthy feel pinch of housing costs as one in four Australians face mortgage stress

From The Guardian Australia. The burden of housing costs is biting even in Australia’s wealthiest suburbs as an unprecedented one in four households nationally face mortgage stress, according to the latest in a 15-year series of analyses. Households in Toorak and Bondi, prestigious pockets of affluence in Australia’s biggest cities, have made the list of … Continue reading “Wealthy feel pinch of housing costs as one in four Australians face mortgage stress”

What The Mortgage Stress Data Tells Us

Following the initial release yesterday, and the coverage in the AFR, today we drill down further into the latest mortgage stress results. By way of background, we have been tracking stress for years, and in 2014 we set out the approach we use. Other than increasing the sample, and getting more granular on household finance, … Continue reading “What The Mortgage Stress Data Tells Us”

Mortgage Stress And Default Probability Rise Again In April

Digital Finance Analytics has released new mortgage stress and default modelling for Australian mortgage borrowers, to end April 2017.  Across the nation, more than 767,000 households are now in mortgage stress (last month 669,000) with 32,000 of these in severe stress. This equates to 23.4% of households, up from 21.8% last month. We also estimate … Continue reading “Mortgage Stress And Default Probability Rise Again In April”

Record numbers under mortgage stress

From The Australian Financial Review. 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 … Continue reading “Record numbers under mortgage stress”