Thursday, 8 November 2007

Mortgage stress in Parramatta

Mortgage stress in the federal seat of Parramatta - that is the percentage of households spending more than 30 per cent of their monthly income on a mortgage - is 35.7 per cent, with households making an average monthly payment of $1711. Housing stress figures in other Western Sydney electorates that will decide the federal election are Lindsay (focussing on Penrith) and Macquarie (Blue Mountains), with figures of 33.5 per cent and 26.1 per cent respectively, according to "The Australian Financial Review".

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