Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-25

New research from Roy Morgan shows that 1,429,000 mortgage holders (26.5%) were ‘At Risk’ of ‘mortgage stress’ in April 2025, unchanged from a month earlier. These figures relate to the period before last week’s interest rate cut, which is projected to reduce mortgage stress by 13,000 in May to 1,416,000 (26.3%). The number of Australians ‘At Risk’ of mortgage stress has increased by 622,000 since May 2022, when the RBA began a cycle of interest rate increases. Meanwhile, the number of mortgage holders considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at 955,000 (18.0% of mortgage holders), which is clearly above the long-term average over the last 10 years of 14.7%. 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