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Mortgage-Risk-During-COVID-19-Pandemic-RoyMorgan-2021.pdf
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🔗 Source: ausbanking.org.au
📊 Size: 264 KB
👤 Author: Kim Le
⬇️ Downloads: 25

Summary

New research from Roy Morgan shows an estimated 677,000 mortgage holders (17.3%) were at risk of 'mortgage stress' in the three months to May 2021, down sharply from 794,000 (19.4%) a year ago. The low rate of 'At Risk' mortgages reflects improvement in employment conditions, government support, and record low interest rates. Mortgage stress is higher for those with negative employment changes due to COVID-19, with 19.9% at risk and 14.7% extremely at risk. Over half of 'At Risk' mortgage holders (11.8%) are considered 'Extremely At Risk'.

Description

New research from Roy Morgan shows an estimated 677,000 mortgage holders (17.3%) were at risk of 'mortgage stress' in the three months to May 2021, down...

Technical Information

  • File Format: PDF
  • File Size: 264 KB
  • Pages: 4
  • Language: EN
  • Author: Kim Le
  • Total Downloads: 25
  • Last Updated: 2 months ago

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