The families running three months late with their mortgage payments weren't gormless, greedy, or hapless victims of unscrupulous, predatory lenders. Both husband and wife tend to be religious identifiers and married, have completed Year 12 and the husband often has postgraduate qualifications. The typical Australian family under threat of losing their house at the moment is the sort of better off, outer urban, middle class family with children in low to medium fee independent schools.
Many are migrant families from predominantly Catholic countries: Croatia, Poland, Spain or Hungary. There are also significant numbers of young Lutheran and Pentecostal families. These religious families tend to be married, with family income seriously disrupted by the arrival of a new baby, as the mother is often slower to return to work than in wealthier inner urban professional suburbs where household finances tend to be far more secure. - John Black, The Australian (click below for full article)
http://www.theaustralian.news.com.au/story/0,25197,24433182-7583,00.html