I was asked recently to show the current mortgage stress footprint in the Brisbane area. Ahead of the February stress modelling update, next week, this is the current situation.
Remember we are looking at stress on a cash flow basis, (money in, money out) and some households may have access to savings or credit cards to tide them over, may have paid ahead, or could even sell. But eventually if cash flow is out of equilibrium, it can lead to problems. It is a leading indicator, while defaults is a lagging indicator.
This map is based on the number of households in each post code in mortgage stress. Click on the image to enlarge.