Tuesday, Sep 18, 2007
It added that at least 600,000 households are likely to experience mortgage stress by the end of the year
smh.com.au: Mortgage stress soaring: survey
Stress levels among Australian mortgage borrowers are on the rise and potentially some 113,000 households, or 1.6 percent of the market, could be forced to sell their homes, according to an industry report released on Tuesday.
Housing affordability has worsened as the pace of house price growth has outstripped increases in disposable income, said the report by Fujitsu Consulting and JP Morgan.
Posted by chris @ 07:07 PM (282 views) Add Comment
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