Digital Finance Analytics (DFA) Blog
"Intelligent Insight"
The AFR has done a nice piece on the post code level analysis we completed, and a nice interactive map. Here is the guts of the article, citing DFA. It’s not just households in Western Sydney and the outer suburbs of Melbourne and Brisbane who are feeling the pressure of paying their monthly mortgage. A compilation … Continue reading “The top 100 postcodes at risk of mortgage default”
After talking a breather last month, thanks to rate cuts and tax refunds (minimal those these were in practice), the results from our surveys for October shows a further 7,000 household fell into stress taking the total to more than 1.07 million households or 32.2% Household debt is at record highs, and while costs are … Continue reading “Mortgage Stress Tracks Higher Yet Again”
Digital Finance Analytics (DFA) has released the May 2019 mortgage stress and default analysis update. Perhaps the rate cuts, rise to the minimum wage, and tax cuts ahead may turn the tide, but so far none of this matters for current household budgets. On the other hand more lending may make budgets even tighter if … Continue reading “Mortgage Stress Higher Post the Election”
Digital Finance Analytics (DFA) has released the April 2019 mortgage stress and default analysis update. Once again, it’s the continuing story of pressure on households as ongoing wages growth is not offsetting costs of living, and mortgage repayments and total debt continues to rise. Recent bank reporting highlights the elevated risks in the household sector … Continue reading “Mortgage Stress Accelerates Ahead Of The Election”
Digital Finance Analytics (DFA) has released the March 2019 mortgage stress and default analysis update. It’s the continuing story of pressure on households as ongoing wages growth is not offsetting costs of living, and mortgage repayments and total debt continues to rise. Note: Later in the month we will release mapping showing the percentage of … Continue reading “Mortgage Stress Builds Again as Debt Grows”
Digital Finance Analytics (DFA) has released the February 2019 mortgage stress and default analysis update. Unfortunately, the pressure on households continues to rise as weak ongoing wages growth is not offsetting costs of living, and mortgage repayments and total debt still grows. In addition, the number of households in severe stress continues to rise, suggesting … Continue reading “Mortgage Stress Accelerates Again as Debt Grows”
Digital Finance Analytics (DFA) has released the January 2019 mortgage stress and default analysis update. The long grind in WA continues, with more households under financial pressure, but we are seeing further deterioration in other states too. The negative wealth effect is biting now. The number of households in severe stress continues to rise. The … Continue reading “Mortgage Stress At Record High (Again)”
Digital Finance Analytics (DFA) has released the December 2018 mortgage stress and default analysis update. The latest RBA data on household debt to income to September fell a little to 188.6[1], but still remains highly elevated. The housing debt ratio continues to climb to a new record of 139.6, according to the RBA. This shows … Continue reading “Mortgage Stress Is Breaking More Households”
DFA has released the November 2018 mortgage stress and default analysis update. Across Australia, more than 1,015,600 households are estimated to be now in mortgage stress (last month 1,008,000). This equates to 30.9% of owner occupied borrowing households. In addition, more than 22,500 of these are in severe stress. We estimate that more than 61,000 … Continue reading “Mortgage Stress Gets More Extreme In November 2018”
We have completed our October 2018 mortgage stress analysis and today we discuss the results. The latest RBA data on household debt to income to June reached a new high of 190.5. This high debt level helps to explain the fact that mortgage stress continues to rise. Having crossed the 1 million Rubicon last month, … Continue reading “Mortgage Stress Climbs Again in October”