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Mortgage stress at 3-year lows: research
By Malavika Santhebennur
01 March 2021
Mortgage stress among households have dropped to the lowest level in three years, driven by a range of factors, according to figures from ME Bank.
The industry fund-owned bank’s
Household Financial Comfort Report has revealed that quantitative indicators of mortgage stress had decreased by five percentage points to 37 per cent during the past six months to December.
According to the bank, this is the lowest in three years since the survey began to collect this serviceability data.
The indicators of mortgage stress are measured by those households making loan payments of more than 30 per cent of their disposal income. ....

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