A new survey has found that home-owners in Brisbane fare the best when it comes to paying the mortgage comfortably.
The research by Finder asked respondents if they struggled with their mortgage – and Brisbanites emerged as the most comfortable with their repayments among the capital cities.
It found 62% of Brisbane respondents “can make repayments comfortably” compared 48% in Sydney, 50% in Melbourne, 54% in Adelaide and 43% in Perth. In addition, 32% of Brisbane respondents “live month to month, but find enough”, compared to 43% in Sydney, 42% in Melbourne, 37% in Adelaide and 49% in Perth.
Brisbane also had the lowest percentage of homeowners (4%) who were “barely able to make repayments every month”, while Sydney, Melbourne and Perth were at 8% and Adelaide was 7%.
Only a few respondents were “behind in repayments”, including 1% in Melbourne and Perth, 2% in Sydney and Adelaide, and 3% in Brisbane.
Source: Terry Ryders Hotspotting, 30 March 2019