The number of Australian households with mortgage debt that exceeds the value of their home has risen substantially over the past decade

The number of Australian households with mortgage debt that exceeds the value of their home has risen substantially over the past decade. The percentage of households with negative home equity rose from 1.7 per cent in 2001 to 2.6 per cent in 2010.Over the same period, there has been a slight decrease in the number of households that are in owner-occupied dwellings - down from 68.3 per cent to 67.2 per cent.These are among the findings of the Melbourne Institute's latest survey, Household, Income and Labour Dynamics in Australia, which was published this week.


James McKay
Relationship Manager
BRR Media

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.