Mortgage Stress is on the rise, as DFA has reported from our surveys. Roy Morgan research, who uses a different method to assess mortgage stress also confirms a rise.
This is driven by the cycle of interest rate hikes, despite low levels of unemployment. The third factor is the inflation rates which are putting costs pressures on many households too.
And we both agree that mortgage stress will continue to rise in the months ahead as the RBA continues to tackle inflation.
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