Home owners are under stress: Morrison
AAP
Social Services Minister Scott Morrison says people paying off their homes are under financial stress.
Mr Morrison said that while renters were paying on average about 25 per cent of their disposable income on accommodation, those paying mortgages were forking out about 31.5 per cent.
"Once you get above 30 per cent, there is a bit of stress related to that," Mr Morrison told reporters in Melbourne on Wednesday.
Share a tip-off, video or photo with us
Most viewed in Australia
Australian woman who died after falling from cliff near Bali was Queensland ecologist
PM ‘stunned’ over Pauline Hanson’s attack on his late mother
Six years ago, Australia had a $38 billion early super experiment. It didn’t go to plan
Tony Abbott’s ex-chief of staff says she wanted Julia Gillard to succeed
