It shows the number of households experiencing moderate mortgage stress, defined as when more than 30 per cent of gross household income is put towards housing costs, jumped from 900,000 in 1995 to more than 1.4 million in 2010.
If the above is not a call for some modification of negative gearing - what is. This on the assumption that a change in the negative gearing rules would relieve or prevent future mortgage stress and at the same time get more people on the housing ladder.
It's most likely too late to help those experiencing severe mortgage stress - the property noose is already too tight.
