Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

More than half of first homeowners experiencing mortgage stress

Notify me of new replies via email
Australian Broker | 24 Oct 2013, 04:00 AM Agree 0
A new survey shows more than half of Australian first home buyers are contributing more than 30% of their income to mortgage repayments
  • Jon | 24 Oct 2013, 11:40 AM Agree 0
    Mortgage Stress? The 30% of gross income is based around credit policies that lenders had 15 years ago where it was the maximum Debt service ratio they would approve. Back then, we all paid nearly double the amount of our income in tax.Now most lenders approve loans with up to 50% of gross income in payments. Does this mean every new loan is in mortgage stress?

    When is the government going to bring their definitions into the new century
Post a reply