 According to the report "Anatomy of Australian Mortgage Stress", one in five people classified as being under mortgage stress will lose their home, and the research points to young families as those suffering the most from rising interest rates and inflation.
"At the moment, we're finding that around 20 per cent of those who go into the slippery slide never get out," consultant Martin North said.
"Once you're in severe stress, there's only about a 50-50 chance of getting out."
"I expected mortgage stress to be primarily in young growing families and disadvantaged fringe areas," Mr North said.
The findings also revealed that borrowers forced to refinance would have a two-to-one chance of losing their home, and that 72 percent of people now blame rising interest rates and inflation for their financial stress, as compared with just 14 per cent back in 2005.
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