As a former financial counsellor and former consumer credit educator for ASIC, here's what I think you need to know if you're considering mortgage deferral, rent relief or bankruptcy.
Housing is our first line of defence against coronavirus, so leaving someone homeless increases the risk for everyone. Australia should follow other countries in imposing a moratorium on evictions.
Half a million Australians aged 50 and over lost their homes in the first decade of this century.
47% of Australians aged 55-64 have mortgage debt, up from 14% in 1990.
Researchers found that families who send their children off to college face an increased risk for foreclosure.
Monkey Business Images/www.shutterstock.com
The odds of foreclosure double for families who send their kids off to college, according to two researchers who say their findings show a need for new ways for Americans pay for higher education.
Highly inflated house prices are more concerning to people wishing to move from renting to purchasing a house (mostly potential first home buyers).
Even though house prices have risen substantially over recent decades, housing affordability for those with mortgages or own their houses outright hasn't worsened
A real estate sold sign hangs in front of a west-end Toronto property. Canada’s newly announced housing strategy contains scant measures to help first-time buyers in pricey markets.
THE CANADIAN PRESS/Graeme Roy
Canada's National Housing Strategy leaves a large segment of the population that must find a way to afford housing in the private market. More initiatives are needed to help first-time home buyers.
There are signs our frothy housing market, combined with rising interest rates, could have serious consequences for our economy.
Fully half of Westpac's loan book consists of interest-only loans, so why are the banks not more concerned about what could happen next?
Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount.
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.
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.
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.
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years.
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.