Mortgage holders worry about rising living costs

Friday 24 December 2010

Article by Mozo

Home loan holders are particularly concerned about rising living costs next year, new research has found.

Mortgage holders worry about rising living costs

According to Mortgage Choice's new 2010 Queensland Consumer Sentiment Survey, which questioned 204 Queenslanders including 92 mortgage holders, the biggest cited fear for next year when it came to finances was other costs of living like utility bills and clothing, with 28 per cent of the vote.

This was followed by other issues such as economic management by the federal government and interest rate rises.

Australians struggling with repayments and other affordability issues can choose to compare home loans in search of better deals. Speaking to Quest News following the Mortgage Choice revelations, first-home buyer Melanie Clare admitted that mortgage costs remained her primary worry.

"For us the mortgage is a constant pressure," she said.

"The utility bills going up is still definitely a concern, but until you get that bill it's not on your mind as much."

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