Mortgage Stress in Australia: Causes, Impacts, and How to Cope in 2024
Mortgage stress in Australia refers to the financial strain homeowners experience when 30% or more of their income is spent on mortgage repayments. In 2024, rising interest rates, inflation, and stagnant wages have intensified this issue, affecting many Australians, especially in cities like Sydney and Melbourne. Causes of Mortgage Stress Impacts of Mortgage Stress How … Read more