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Capital Region's Top Suburbs Struggling with Mortgage Stress: Is Your Neighborhood on the List?
Mortgages are more than 30% of household incomeThe data on mortgage stress can be useful for property investors and those looking to move as it provides an insight into the affordability of housing in different suburbs. For property investors, this data can help them identify suburbs where there is a high demand for affordable housing, which could potentially lead to higher rental yields. For those looking to move, this data can help them identify suburbs where they can afford to buy a home without experiencing financial stress. Additionally, this data can also provide an indication of the livability of a suburb, as high levels of mortgage stress may indicate that residents are struggling to make ends meet and may not have access to essential services and amenities. For example, a suburb with low levels of mortgage stress may be more attractive to families with children as it may indicate that the suburb has good schools and other family-friendly amenities. Data from 2016
| Area | Value |
|---|---|
| 1. Wingecarribee | 7.1% |
| 2. Yass Valley | 6.6% |
| 3. Queanbeyan-Palerang Regional | 6.4% |
| 4. Upper Lachlan Shire | 6.3% |
| 5. Shoalhaven | 6% |
| 6. Goulburn Mulwaree | 5.9% |
| 7. Bega Valley | 5.8% |
| 8. Snowy Monaro Regional | 5.2% |
| 9. Hilltops | 4.9% |
