These are the 10 worst postcodes for mortgage stress in Queensland

first_imgNearly a third of Australian households are in mortgage stress, according to new research. Picture: Thinkstock.IT HAS seen some huge money spent on homes in the past year, but householders in this Brisbane southside pocket are now feeling the pressure of paying off equally big mortgages.Camp Hill, Carina and Carindale have topped a list of areas across Brisbane where homeowners are having the most difficulty making loan repayments, according to the latest figures from Digital Finance Analytics.Nearly 3500 households are in mortgage stress in the 4152 postcode — up from 3082 only a month ago — and 87 are at risk of defaulting on their home loans in the next 12 months.New figures from property data firm CoreLogic show more buyers chose to invest in Camp Hill in 2017 than in any other Brisbane suburb — splurging $231 million on houses. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE The Reserve Bank of Australia is tipped to increase interest rates this year. Image: AAP/Dean Lewins.Mr North said he expected some upward pressure on mortgage rates in the next year due to international funding pressures, a potential for local rate rises and margin pressure on the banks.Financial markets are now pricing in a 60 per cent chance of the Reserve Bank lifting the official cash rate by August.Economists at CommSec and AMP predict interest rates could start rising in late 2018.TOP 10 POSTCODES FOR MORTGAGE STRESS IN QLD 1. 4350 (Toowoomba region)2. 4152 (Camp Hill, Carina, Carindale) 3. 4740 (Mackay region)4. 4034 (Aspley, Boondall, Geebung) 5. 4305 (Ipswich region) 6. 4352 (Toowoomba region) 7. 4127 (Daisy Hill, Slacks Creek, Springwood) 8. 4078 (Ellen Grove, Forest Lake) 9. 4161 (Alexandra Hills) 10. 4500 (Bray Park, Cashmere, Strathpine) (Source: Digital Finance Analytics) Digital Finance Analytics principal Martin North.Overall, mortgage stress improved slightly in Queensland in December, with 156,097 households in stress — down from 157,019 in November.But the probability of default rose to around 9500 households, and only a small jump in interest rates could push that much higher.More from newsParks and wildlife the new lust-haves post coronavirus22 hours agoNoosa’s best beachfront penthouse is about to hit the market22 hours agoThe postcode encompassing the Toowoomba region remains the most stressed in the state, with 5400 households in mortgage stress and more than 200 at risk of default.Nationally, Digital Finance Analytics estimates nearly a third of households are in mortgage stress, with the number rising from 913,000 in November to 921,000 last month. HOW THE RICH PEOPLE LIVE center_img Camp Hill is one of the suburbs where households are in the most mortgage stress. Picture: Patria Jannides.Digital Finance Analytics principal Martin North said households in that postcode were showing high levels of stress because they had taken on larger mortgages.“I think the slightly more affluent households could be the biggest problem, particularly if interest rates do start to rise,” Mr North told The Courier-Mail.He said lending was growing at “unsustainable” levels and there were many households currently holding home loans which would not be approved in the current environment of record high household debt relative to income.“This is a significant sleeping problem and the risks in the system are higher than many recognise,” he said. THE COST OF RENOVATING REVEALED last_img read more

Joshua, Pulev fight to take place in Istanbul in May

first_imgKubrat Pulev has confirmed via his official Facebook page that he will fight Anthony Joshua in Istanbul in May. The pair had been due to clash at Cardiff’s Principality Stadium back in October 2017, but the Bulgarian had to pull out with injury, and was replaced by Carlos Takam. Joshua is thought to be keen to return to London for his next fight. And it was revealed last month that the new Tottenham Hotspur Stadium had emerged as a very real contender to host the bout. The state-of-the-art facility opened in April 2019, and while it would be the stadium’s first boxing event – it has hosted NFL – and is due to host Rugby Union and a concert later this year. Read Also:Anthony Joshua has until January 31 to agree terms to fight Pulev Pulev, known as “The Cobra”, has an impressive 28-1 record in his career. FacebookTwitterWhatsAppEmail分享 Promoted Content7 Theories About The Death Of Our Universe6 Incredibly Strange Facts About Hurricanes27 Breathtakingly Beautiful Albino Animals11 Most Immersive Game To Play On Your Table Top7 Mysterious Discoveries From All Around The WorldWhat Happens To Your Brain When You Play Too Much Video Games?6 Interesting Ways To Make Money With A DroneBirds Enjoy Living In A Gallery Space Created For ThemWhich Country Is The Most Romantic In The World?7 Universities In The World Where Education Costs Too MuchBest & Worst Celebrity Endorsed Games Ever Made6 Extreme Facts About Hurricanes Loading… The 38-year-old posted a link to an article which appears to claim that the much-anticipated fight will take place at the Vodafone Arena – home of Turkish football club Besiktas. The pair are due to fight this year, with Pulev the mandatory challenger for Joshua’s IBF heavyweight title. But SunSport understands that while talks are ongoing, any clash between the pair will only take place in either the United Kingdom, United States or Saudi Arabia. No word though has come from Joshua’s camp today regarding the fight.Advertisementlast_img read more