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Mortgage Stress

The latest statistics from the Census suggest one in four Australian families are struggling under ‘mortgage stress’—with more than 30 percent of one’s income going to pay off one’s mortgage.  Is mortgage stress a problem for your household? Have you had to change your lifestyle at all, to cope with mortgage repayments? What kinds of things do you have to sacrifice in order to pay off the mortgage each month? Or maybe you’ve avoided a massive mortgage by moving to a less expensive area? 

Posted by Sheridan Voysey on July 16, 2007 1:24 AM |

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Comments (1)

Liz:

We are technically under "mortgage stress". We live in probably the cheapest area in Sydney. However, we are in "mortgage stress" partially by choice - I'm a stay at home mum to my two (soon to be three) children. Sometimes the budgeting is hard but I wouldn't trade time with my kids for less financial stress.

Posted by Liz | July 20, 2007 10:33 AM

Posted on July 20, 2007 10:33

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