Finder: 9% of mortgage holders in severe stress

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By Leith van Onselen

Finder has released its latest mortgage stress survey, which reveals that 9% of mortgage holders are experiencing severe stress, whereby the are either “barely able to make repayments every month” or are “behind in repayments”:

As shown above, another 40% of mortgage holders are experiencing mild stress, whereby they “live month to month, but find enough” to get by.

Last month, Digital Finance Analytics (DFA) released their February mortgage stress report, which noted that a record 1,036,214 households are estimated to be now in “mortgage stress” (31% of owner occupied borrowing households), with 28,903 of these are in severe stress, and more than 66,000 households at risk of 30-day default in the next 12 months:

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The noose continues to tighten!

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.