Risk of mortgage stress up 0.8% points in May after the Reserve Bank raised interest rates in early May to 4.35%

Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jun-26

New research from Roy Morgan shows that 29% of mortgage holders were ‘At Risk’ of ‘mortgage stress’ in the three months to May 2026, up 0.8% points from April. This is equivalent to 1,538,000 people (up 65,000 on a month earlier). The number of Australians ‘At Risk’ of mortgage stress is up by 100,000 on a year ago, after the Reserve Bank cut interest rates in May and August 2025, and then raised them in February, March and May 2026. Meanwhile, the number of Australians who are considered to be ‘Extremely At Risk’ of mortgage stress is now numbered at 1,084,000 (20.4% of mortgage holders); this is significantly above the long-term average over the last two decades of 16.4%.

CORPORATES
ROY MORGAN LIMITED, RESERVE BANK OF AUSTRALIA

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