Report

Fujitsu/JPMorgan Australian mortgage industry report

19 Sep 2007
Description

This report shows that 70,000 households are now experiencing severe stress across Australia. This is predicted to rise to 113,000 if mortgage interest rates increase by 0.5 per cent over the next six months, as increased borrower gearing levels on variable rate loans leaves borrowers more exposed. Broker originated share of new loans has not grown in the last six months – the first time in four years, indicating that the banks are fighting back and winning market share. The research provides an update on the March 2007 report and considers a range of issues and industry trends.

Publication Details
Published year only: 
2007
12
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