Continuing our series on mortgage stress, we feature the results for Brisbane and QLD today. Overall, in the state, stress has fallen a little thanks to brighter employment prospects, especially in the south east. However, some regional areas are under severe pressure.
We estimate there are 157,019 households across the state, down from 162,726 last month. However, around 9,600 in QLD risk default over the next 12 months.
Here is the stress mapping for Greater Brisbane to November 2017.
The post code with the highest stress count is 4350, around Drayton and Toowoomba, about 100 kilometres from Brisbane. We estimate 5,975 households are in mortgage stress. The average home price is $490,000, compared with $382,000 in 2010. There are about 27,000 households in the region and the average age is 37. The average income is $5,300 a month. Around 30% have a mortgage and the average mortgage repayment is $1,510.
Here is the top 10 listing across the state, together with the national default ranking.
Next time we look at South Australia.
