House and money

High reliance on two incomes to repay home loans presents a potential risk

More than two-thirds (67.2%) of owner-occupied mortgages are now held by households with two incomes, presenting some problems if one decides to either drop out of the workforce or becomes unemployed. Overall some 9.3% of dual-income households are classified as ‘at risk’ of mortgage stress but if even the non-main earner drops out of the…

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