An area in which many people are paying off a mortgage on their home, regarded as electorally volatile.
the suburb consists of new mortgage belts and million-dollar canal estates
the election will be largely decided by voters in the mortgage belt
Example sentencesExamples
Many people even in the vital mortgage belt had probably not even fully registered that there was an election campaign under way.
He is justifying his leadership by holding a few media friendly community forums in mortgage belt seats before normal Parliamentary sittings resume next year.
He recognises interest rates and their effect on the mortgage belt as the lynchpin to his political survival.
They targeted outer suburban "mortgage belt" electorates where house and land prices have soared so much over the past decade that even a small rise in interest rates would have devastating consequences for heavily-indebted working people.
The party's candidates in mortgage belt seats are edgy.
Higher interest rates, a collapse of the consumer debt bubble, and an economic slump threaten to alienate his corporate backers as well as his electoral base in the so-called mortgage belt.
"Ease the squeeze" was not designed to appeal to the latte-sipping urbanites but to the suburban mortgage belt.
It is not just Sydney mortgage belts that would suffer if interest rates were to rise under a spend-to-please Labor administration.
While voters in these so-called mortgage belt suburbs turned to Labor, few have any firm commitment to any party.
Makin is the classic mortgage belt seat that was so critical to the Howard Government's 1998 victory.