Original article by Roy Morgan
Market Research Update – Page: Online : 5-Mar-25

New research from Roy Morgan shows that 1,633,000 mortgage holders (28.9%) were ‘At Risk’ of ‘mortgage stress’ in January 2025. This represents a third straight monthly increase since October, but is still 1.4% lower than the June figures prior to the Stage 3 tax cuts. Modelling by Roy Morgan shows that the number of mortgage holders considered to be ‘At Risk’ will fall by 26,000 in February to 1,607,000 (28.4% of mortgage holders) following the Reserve Bank’s interest rate cut; the number of mortgages ‘At Risk’ is set to drop further if the Reserve Bank cuts interest rates again in April. Meanwhile, the number of mortgage holders considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at 1,043,000 (18.9% of mortgage holders), which is significantly above the long-term average over the last 10 years of 14.6%. These are the latest findings from Roy Morgan’s Single Source Survey, based on in-depth interviews conducted with more than 60,000 Australians each year, including over 10,000 owner-occupied mortgage-holders.

CORPORATES
ROY MORGAN LIMITED, RESERVE BANK OF AUSTRALIA