Roy Morgan research shows 1.5 million people – almost a third of all mortgage holders – are spending 25 to 45% of their income on their home loan
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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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