Mortgage stress and precarious home ownership: implications for older Australians

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Author(s): Rachel Ong; Gavin Wood; Melek Cigdem; Silvia Salazar
Description: This research investigated the growing numbers of middle aged and older Australians who are carrying mortgage debt into retirement and paying off higher levels of debt relative to house values and income. Between 1987 and 2015, mortgage debt among older mortgagors increased by 600 per cent (from $27,000 to over $185,000). These trends have significant consequences for older Australians’ wellbeing, retirement wealth management and government incomes policy and housing assistance programs.
Citation: Ong, R., Wood, G., Cigdem-Bayram, M. and Salazar, S. (2019) Mortgage stress and precarious home ownership: implications for older Australians, AHURI Final Report No. 319, Australian Housing and Urban Research Institute Limited, Melbourne, https://www.ahuri.edu.au/research/final-reports/319, doi:10.18408/ahuri-8118901.
DOI: doi:10.18408/ahuri-8118901
Date published: 27 Aug 2019
Publication type: Final Report 319
Project title: Mortgage stress and precarious home ownership: implications for older Australians (Project number: 81189)
Published by: Australian Housing and Urban Research Institute Limited
ISSN: 1834-7223
ISBN: 978-1-925334-83-8
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