About 40% of first home owners are currently experiencing some type of mortgage stress, with that number set to rise to 50% by the end of the year, the latest Fujitsu Australia Mortgage Stress Report has revealed.
The report, which uses a rolling sample of 26,000 households across the country, has found that affordability has become a major issue for first home owners who entered the market last 18 months lured by the Government’s grants.
The number of households experiencing some degree of mortgage stress rose by 0.7%
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Patrick Stafford is a freelance journalist and a former deputy editor of SmartCompany.
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