Following on from Rolf Lathams comments about measuring mortgage stress today
Hi Rolf
This is a good question?
I believe Government and the banks do not measure mortgage/financial stress statistically.
So no statistical or objective warning signs other than surveys of people eg Fujitsu Reports.
Perhaps it could be a subject for academic research?
How to measure the financial health status of people
Measurements like LVR, DSR, arrears on any loans, arrears on bills etc etc I (I am sure there are countless other factors that could be considered)
All information could be measured on a suburb, postcode, LGA, regional and state level. Personal details kept strictly confidential and private.
However measure and monitor financial status of each suburb or postcode.
This could yield where are the high DSR suburbs, high mortgage stress suburbs and other factors.
So investors could understand risk and opportunities better
Rolf Latham said:I love the term "mortgage stress"
The problem here is that the stats dont show how much of this mortgage stress is due to
1. Harvey Norman induced "post move in disorder"..................wow our new house is so empty, lets get some buy now pay later.
2. General Affluenza............focus on a newer or larger vehicle, a new tele
I suspect if we did the ground work, we would find that mortgage stress isnt caused primarily by the mortgage loan, but often by other addons that have sucke up any buffer the borrowers had.
yes, sure there are many issues of gen mortgage stress issues, but what are the REAL numbers
Hi Rolf
This is a good question?
I believe Government and the banks do not measure mortgage/financial stress statistically.
So no statistical or objective warning signs other than surveys of people eg Fujitsu Reports.
Perhaps it could be a subject for academic research?
How to measure the financial health status of people
Measurements like LVR, DSR, arrears on any loans, arrears on bills etc etc I (I am sure there are countless other factors that could be considered)
All information could be measured on a suburb, postcode, LGA, regional and state level. Personal details kept strictly confidential and private.
However measure and monitor financial status of each suburb or postcode.
This could yield where are the high DSR suburbs, high mortgage stress suburbs and other factors.
So investors could understand risk and opportunities better
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