Consumer group CHOICE has released postcode data showing significant parts of Western Sydney and Melbourne’s west are already in mortgage stress as the Federal Government vows to remove vital protections. The data comes as One Nation has publicly rejected the Government’s plans to repeal safe lending laws.
The 10 crisis suburbs for New South Wales and Victoria represent over 130,000* households on the brink. The top 10 suburbs nationally for mortgage stress cover urban and regional parts of New South Wales, Victoria, Queensland and Western Australia, based on analysis provided by Martin North at Digital Finance Analytics.
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