Having higher personal debt-servicing burdens and lower liquidity buffers, FHBs would-be more vulnerable to an awful money treat within the the first many years of their financing than many other borrowers. Although not, FHBs was don’t probably sense a terrible money shock than many other in meaningful link financial trouble homes on the mortgage existence. Particularly, this new HILDA Questionnaire ways these include not planning to report shedding work. FHBs was indeed more unlikely than other manager-occupiers so you can declaration income that is over 20 per cent beneath the money it acquired in the earlier seasons. So it looking try uniform around the various symptoms of cash losings, even though the difference in FHBs or any other manager-occupiers loses analytical significance just after dealing with private services. There clearly was and additionally no difference in volatility working circumstances all over FHBs and other owner-occupiers. (more…)