Prior to the recent interest rate increase, there was an alarming number of Victorians that were in mortgage stress. About half (44%) of Victorian households with a mortgage were in mortgage stress in late March 2022. Eight of the top 12 postcodes in Australia experiencing highest numbers of mortgage stress are in Victoria.
In this episode, we are exploring what mortgage stress is and what services Mortgage Stress Victoria provides. The guests joining us are Stephanie Tonkin, Director of Operations + Strategy and Yvonne Montfort, a Social Work program manager at Mortgage Stress Victoria.