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The Guardian - AU
The Guardian - AU
National
Mostafa Rachwani

Record number of Australians at risk of mortgage stress as RBA interest rate rises bite

RBA Roy Morgan Australia Michele Levine Interest Rates Reserve Bank
A red real-estate 'sold' sign in the front garden of a an older weatherboard house
Roy Morgan found that there are 640,000 more households at risk of mortgage stress compared with the same period in 2022 after a year of rate rises by the Reserve Bank. Photograph: Jessica Hromas/The Guardian

A record 1.5 million people – almost one third of all mortgage holders – are now considered at risk of mortgage stress across Australia as interest rate hikes continue to bite.

The figure surpasses the previous highest number of people experiencing mortgage stress: 1.46 million in the three months to May 2008 at the height of the global financial crisis.

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