‘Highest home loan costs in decades’: Aussies spending nearly a third of their income on mortgages

[Pelican Press 0]

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‘Highest home loan costs in decades’: Aussies spending nearly a third of their income on mortgages

A shocking number of Australians are spending nearly a third of their income on mortgages, with new data revealing the grim reality facing homeowners across the country.

A Finder survey of more than 1000 Australians, including 346 who have home loans, has found up to 40 per cent are spending nearly a third of their income on their mortgage, which is the widely accepted threshold for mortgage stress.

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