This article deals with the struggle facing Regional Australians who are suffering a lot more than their city counterparts in repayment of mortgage loans. It is found that the people living in the regional and rural parts of Australia are struggling a lot to meet the mortgage repayment than the people in the city according to the Mortgage & Finance Association of Australia (MFAA).

The survey by the MFAA says that it is a vital relationship between where the people want to reside and how they try to repay the mortgage loan. This survey has brought to light that the people in the rural and regional areas suffer a lot in repayment of loans when compared to the people in the cities. A total of 29.3 per cent of respondents living in the city find it difficult to repay the loan amount and 39.8 per cent of respondents living in the regional and rural areas are struggling to repay the amount.

Some city dwellers say that they are struggling a lot in the repayment of the mortgage loans and that they are probably paying a higher percentage of their take home salary on repayment of mortgage loans.
On the whole 31 per cent of the people in Australia are finding it difficult to repay the loans and 0.5 per cent of them are paying it with a delay of three months. While the rest find it easy to repay. One of the surveys of the MFAA says that persons whose financial status was low had been doubled in one year from 18.3 to around 35.2 per cent and those whose position was much worse had multiplied to 12.6 per cent. In simple words nearly two-thirds of the borrowers in Australia are easily making their repayments without any constraints. They have learned to meet the ends and costs. These people are adjusting and trying to make ends meet. They reduce their costs in all aspects such us spending less for eating out by taking lunch to work or buying food from bulk or lower cost outlets, thus reducing their costs at home. This is of course valid adjustments as a reaction to the increased rate of interest and enabling them to manage and repay the loan amounts. Mostly the persons in the city are managing to repay the amount and hence their burden to struggle for repayment is much less than the persons residing in the regional and rural parts of Australia.

Thus this article clearly brings out the reason for the struggle of persons in repaying their mortgage loans especially those residing in the rural and regional areas. One main reason for the struggle is due to the increased rate of interest just in 3 months this year. Another reason is that most of the people in the regional and rural areas don't plan their self as to how to repay when they get loan. Some don't adjust, others never plan. They only sit back and murmur that the loan has just ate all their take home salary. Though the interest rate may be the reason for struggle to repay the mortgage loan, it is better these persons especially those in the rural and regional areas have to plan and decide and think once to twice as to how they are going to repay and then go for loans.