An inconvenient truth: you're spending less on your Melbourne mortgage now than a decade ago

By Peter Martin and Michael Koziol
Updated October 13 2017 - 8:48pm, first published 8:40pm
View of the Melbourne city skyline from Mickleham Road in Greenvale. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS
View of the Melbourne city skyline from Mickleham Road in Greenvale. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS
View of the Melbourne city skyline from Mickleham Road in Greenvale. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS
View of the Melbourne city skyline from Mickleham Road in Greenvale. Generic urban sprawl, urban development, new housing estate, outer suburbs, housing developments, urban fringe, rooftops, green wedge, rural fringe, city planning, commuter suburbs. Picture by PAUL ROVERE / THE AGE. 31 March 2011. NEWS

Melbourne homeowners are spending a smaller portion of their income on mortgages than 10 years ago, due to lower interest rates, challenging perceptions and the prevailing levels of mortgage stress.

Get the latest Bunbury news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.