One in Four Australians Will Not Make Payments if Rates Rise 0.5 Per Cent: Report
Chief executive Ian Graham told the AFR “the good news is that there’s no immediate increase rates expected” (many analysts are expecting the next interest rate rise to come in September).
The report ranks South Australia, the Northern Territory and Western Australia with the highest levels of mortgage stress – all with 30 per cent.
Queensland is next, with 28 per cent, followed by NSW and ACT, at 25 per cent. Victoria had the lowest average mortgage stress level of 15 per cent, according to the report.
