A new report from Property Exchange Australia has revealed that several Queensland postcodes have gone into mortgage shock.
The Emerging Mortgage Risk report, which is believed to process a majority of the nation’s property settlements, has revealed a significant spike in mortgage risk across the country.
The spike is now impacting not only smaller income families but wealthy areas including Noosaville.
According to the report, mortgage repayments in some areas account for up to 60 percent of a household’s monthly income.
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