Record Australian mortgage holders at risk amid rate hikes

By Yajush Gupta · 27 July 2023 · News

Record Australian mortgage holders at risk amid rate hikes

Australian Mortgage Holders Face Uncertain Future

A record number of mortgage holders are at risk of mortgage stress, with a staggering 28.7% of homeowners facing financial uncertainty. But what does this mean for the Australian housing market and its residents?

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Summary

New research from Roy Morgan shows an estimated 1.43 million (28.7%) mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to June 2023.

Tags: rate hike