Australia has long romanticised home ownership. But with evidence linking mortgage stress to poor mental health, we can’t forget people once they get the keys.
Articles on Mortgage stress
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Financing a first home can feel overwhelming. Here’s a general guide to some of the key parts of the process.
Despite owning a smaller share of their home, younger homeowners borrow often, and borrow more, than their parents.
Next month’s budget is an opportunity for the government to move beyond its ‘I feel your pain’ rhetoric to a HomeKeeper-style policy for this particular group of temporarily squeezed Australians.
Small adjustments can make a significant difference.
Applying the logic of JobKeeper to create a HomeKeeper program could save a lot of working-class mortgagors from losing their homes.
People in search of more affordable housing gravitate to the outer suburbs, but may then find higher transport costs erase the benefit of lower mortgage payments.
New mortgage products designed to help struggling first-time buyers hark back to the pre-2008 market and so should come with a warning.
While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
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.
47% of Australians aged 55-64 have mortgage debt, up from 14% in 1990.
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.
Even though house prices have risen substantially over recent decades, housing affordability for those with mortgages or own their houses outright hasn’t worsened
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.
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?
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.
Research finds higher levels of housing debt among pre-retirees are linked to them working for longer.
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.
Top contributors
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John Curtin Distinguished Professor, Curtin University
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Professor, Finance, UTS Business School, University of Technology Sydney
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Emeritus Professor of Housing and Housing Studies, RMIT University
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Professor, Canberra School of Government, University of Canberra
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Lecturer, Financial Planning and Tax, RMIT University
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Assistant Professor, Cornell University
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Associate Professor, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Professor of Institutional Economics, RMIT University
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Senior Research Fellow, Housing, Homelessness & Urban Studies (HHAUS) research group, Swinburne University of Technology
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Associate Professor, POLIS@ANU Centre for Social Policy Research, Australian National University
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Associate Professor in Economics, University of Sydney
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Scientia Professor of Economics, UNSW
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Associate Professor of Real Estate, University of Guelph
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Assistant Professor, New York University