Household income

Household Income

Increasing mortgage costs swallow 27.9% of household income - up 3.1% since last rates hike

The latest research by property purchasing specialist, House Buyer Bureau , has revealed that increasing mortgage rates are now likely to see the average annual cost of a mortgage repayment consume 27.9% of our household income, a 3.1% increase as a result of the latest increase to interest rates.

House Buyer Bureau analysed the current cost of repaying a mortgage, the proportion of...