Roy Morgan Research (RMR) has released interesting analysis examining the proportion of households ‘at risk’ of mortgage stress:
More than two-thirds (67.2%) of owner-occupied mortgages are now held by households with two incomes, presenting some problems if one decides to either drop out of the workforce or becomes unemployed. Overall some 9.3% of dual-income households are classified as ‘at risk’ of mortgage stress but if even the non-main earner drops out of the workforce, Roy Morgan estimates some 34.8% will be at risk of mortgage stress. These are some of the findings from the latest Roy Morgan ‘State of the Nation-Spotlight on Finance Risk’ report. The data is from Roy Morgan’s Single Source survey of more than 500,000 interviews over the last decade.
The full text of this article is available to MacroBusiness subscribers
