Articles on mortgage stress

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Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount. Paul Miller/AAP

Banks shouldn’t underestimate the risk of concentration in the housing market

It's not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.
Unexpected increases in housing prices could have caused buyers considering home ownership to borrow more in order to buy a house, and encouraged homeowners to spend more through withdrawing the equity from their homes. Dan Peled/AAP

Australians are working longer so they can pay off their mortgage debt

Research finds higher levels of housing debt among pre-retirees are linked to them working for longer.
Slow but steady decline in home ownership continues as 23.6% of all Australian households now rent privately. David Gray/Reuters

Home ownership remains strong in Australia but it masks other problems: Census data

The latest 2016 Census data assesses what the national home ownership and rental rates are and how these vary location. It also gives us a picture of mortgage and rental costs.
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years. Tracey Nearmy/AAP

Three charts on mortgage stress: it isn’t as bad as you might think

When you look at the data (in three charts) on mortgage stress, the systemic risk of people not being able to repay their home loans appears small.

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