Mortgage stress rising as JobKeeper ends
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More than two in five households are experiencing mortgage stress, a total that has risen since the end of JobKeeper, and more people are expected to struggle with cash flow in the coming months.
Data from Digital Finance Analytics shows a total of 1.52 million households across the country were in mortgage stress at the start of May, a 1.1 per cent increase from the previous month. The proportion of households in financial distress has risen to 41.3 per cent.
The proportion of households in financial distress has risen to 41.28 per cent a month after JobKeeper ended.
Jackson County residents divided over $67 million school improvement bond
Supporters say it will greatly improve the districtâs schools, while others worry about the allocation of the funds.
Jackson County residents divided over $67 million school improvement bond By Chancelor Winn | May 7, 2021 at 7:04 AM CDT - Updated May 7 at 8:02 AM
VANCLEAVE, Miss. (WLOX) - Residents who live in the Jackson County School District are heading to the polls in less than two weeks to vote whether or not to pass a $67 million school bond.
Opinions as to whether the bond should be passed fall on both side of the lines. Supporters say it will greatly improve schools in Vancleave, East Central and St. Martin. However, many say the allocation of funding doesnât go where it is needed the most.
Low fixed-rate mortgages have helped many first-home-buyers but they have also created an economic time bomb that could explode in three years.
Westpac, Australia s second biggest bank, has revealed that between September 2020 and March this year, 32 per cent of borrowers fixed their mortgage rate.
That was a dramatic rise from 23 per cent in the six months leading up to the onset of the Covid pandemic in March 2020.
Since then, a higher proportion of Westpac borrowers have also fallen behind on their mortgage repayments despite the record-low interest rates.
Westpac, Commonwealth and NAB are offering fixed rates of under 2 per cent with ANZ the only major bank not to do so.
at 3:00 pm on April 29, 2021 | 6 comments
Today we turn our eye back to Australian property as low interest rates has fuelled a marked surge in demand as the economy rebuilds post pandemic.
What has emerged however, is a two speed house price boom. With a superb run up in prices of suburban houses, as space and isolation are sought, prices of inner-city apartments, typically favoured by investors, have languished.
To help colour in exactly the extent of these falling rents, MB Fund’s Head of Investments Damien Klassen, and Head of Advice Tim Fuller are joined by friend of the show Martin North, who is founder of boutique research firm, Digital Finance Analytics.
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