Gold Coast Mortgage Stress

Victoria s mornington peninsula queensland s gold coast and the tweed byron region of nsw are areas most likely to see home loan arrears grow as pandemic related mortgage support falls away due to their reliance on the hard hit tourism market s p global ratings says in its latest report on residential mortgage backed securities.

Gold coast mortgage stress.

David morris byron bay regarding sue lennox s letter about byron bashing letter i have to say i m not familiar with her tabloid. Seek data and analytics ranked a number three gold coast suburbs among the top 10 in the state for being at risk of mortgage and rental stress due to the city s reliance on tourism. Southport surfers and pimpama are the most at risk according to data that considers the industries that residents work in and current pressures on rent and wage. These are the australian suburbs under the most mortgage stress and nearly all of them have one thing in common.

Seek data and analytics ranked a number three gold coast suburbs among the top 10 in the state for being at risk of mortgage and rental stress due to the city s reliance on tourism. Mortgage stress on the gold coast is at highest ever levels and threatens to get much worse say analysts. Sep 2 2020 12 55pm. Private data put together by digital finance analytics has found 16 000 homes within 20 suburbs are under.

Sep 30 2020 11 57 am. Benowa has been named as one of the top ten wealthiest suburbs under mortgage stress. Mortgage stress to be worst in gold coast byron bay. The gold coast then dominates the list.

Michael bleby senior reporter. New data reveals the number of households across the gold coast facing mortgage stress has increased across all but one postcode with more than 1400 owner occupiers within a month of defaulting on payments.