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.
Thanks for that Martin… The stress retail and food service businesses are under in middle-Brisbane is obvious to anyone walking around with their eyes open… A definite marked deterioration in the last year, and especially noticeable in the last few months…
Keep up the good work!
Thanks – am working on some interest only mapping which will also tell a tale. Sorry it took a while to post been flat out!