Housing Stress Statistics for April and May

Discussion in 'Property Market Economics' started by Angel, 1st Jul, 2020.

Join Australia's most dynamic and respected property investment community
  1. Angel

    Angel Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    4,743
    Location:
    Paradise, Brisbane
    From today's The Urban Developer

    Housing Stress Doubles During Covid-19


    "Findings described in a report from the Australian National University paint a “disturbing picture” for renters and young adults when it comes to housing stress.

    The data shows that between April and May this year, the proportion of Australians reporting that they had not been able to pay their mortgage or rent on time increased from 6.9 per cent in April to 15.1 per cent in May."

    "Report co-author professor Matthew Gray said the findings show the level of housing stress is substantially higher for renters than mortgage holders."


    I wonder whether June's figures will be slightly better or worse?
     
  2. The lucky duck

    The lucky duck Well-Known Member

    Joined:
    19th Dec, 2019
    Posts:
    111
    Location:
    Wynnum
    I think worse
     
  3. Archaon

    Archaon Well-Known Member

    Joined:
    20th Mar, 2017
    Posts:
    1,542
    Location:
    Newcastle
    indeed, once jobkeeper dries up it will not look good.
     
  4. MTR

    MTR Material Girl Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    18,998
    Location:
    My World
    I think jobseeker will be extended, however is really going to struggle, lets see how other States pan out
     
  5. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
    Posts:
    1,558
    Location:
    Victoria
    Going to end up with huge debt on Govt balance sheet
     
    Silverson likes this.