Original article by Michael Bleby
The Australian Financial Review – Page: 31 : 5-Feb-18
ME Bank’s latest survey of mortgage holders has found that 46 per cent are spending at least 30 per cent of their disposable income on meeting loan repayments. Although the percentage was slightly down on its previous survey in June 2017, ME Bank noted increased mortgage stress among lower-income households due to greater living costs and little or no increase in wages. ME Bank also found that the percentage of renters who are paying 30 per cent or more of their disposable income on rent payments has increased from 69 per cent to 72 per cent.
ME BANK, JP MORGAN AUSTRALIA LIMITED, INDUSTRY SUPER AUSTRALIA PTY LTD, RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD