Original article by Roy Morgan Research
Market Research Update – Page: Online : 7-Oct-16

Roy Morgan Research’s "State of the Nation – Spotlight on Finance Risk" report shows that 6.8 per cent (311,000) of mortgage holders in Australia have little or no real equity in their home. This is based on the fact that the value of their home is only equal to or less than the amount they still owe, placing them at considerable risk if they have to sell or prices decline. The report, which uses data from the Roy Morgan Single Source Survey, also shows that Western Australia has the highest proportion of mortgage holders with little or no equity in their home, at 9.2 per cent (53,000), followed by Queensland with 7.5 per cent (68,000). New South Wales has the lowest proportion of mortgage holders with little or no equity in their home, at only 5.1 per cent (73,000).

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