The Mortgage Stress Pigeons Coming Home To Roost!

Those following the DFA channel will know we have been tracking the rise of mortgage stress in recent times, as the higher interest rates and prices bite while real incomes stalled. I have been listing some of those post codes, like Liverpool in Sydney or DonnyBrook in Melbourrne, where we have been measuring cash flow pressures on households building. Of course, the banks have been extending and pretending, offering households the chance to extend the term of their loan, or go interest only for a period. Initially people who were over committed reached for this lifeline, but as the recent […]