Tag: Mortgage stress soars off the back of affordability challenges: Domain

"Unlocking Financial Freedom: Overcoming Affordability Hurdles Fuels Surge in Mortgage Stress"
Investment Strategies

“Unlocking Financial Freedom: Overcoming Affordability Hurdles Fuels Surge in Mortgage Stress”

Domain’s latest First-Home Buyer Report has unveiled a concerning trend of increasing mortgage stress in Australian cities compared to five years ago. This rise in mortgage stress can be attributed to the impact of high interest rates and soaring property prices. Mortgage stress occurs when repayments exceed 30% of household income. The report highlights that […]

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