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[–] OneOfTheBoys [S] 0 points 1 point (+1|-0) ago 

Australia's household debt to income ratio of 186.5 per cent is close to the highest on record.


You've got a household with perhaps multiple properties but the cash flow that's coming in isn't sufficient necessarily to cover all the costs, partly because rentals on their investment properties are actually not going up,' Mr North said.

But there's no housing bubble!

Anyone watched all of the housing series on 7:30 report? I caught one and it was pretty good, been meaning to iView the rest.

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[–] AnthraxAlex 0 points 1 point (+1|-0) ago  (edited ago)

You mean it's not totally normal for people who only make 30k a year to have a 450k mortgage on a 800 sqft effeciency?

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[–] Carsandsarcasm ago 

Insufficient cash flow isn't always a problem. You can negatively gear an investment property as a tax break. It can be desirable depending on how your are managing your investment properties. As long as the land your purchased is growing in value, it's a good thing.

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[–] derram ago 

https://archive.ph/wip/CHj2u :

2020-02-14 | Digital Finance Analytics reveals suburbs in Australia with the worst mortgage stress levels | Daily Mail Online

"Rich suburbs near the city centre also had higher-than-average levels of mortgage stress, including Bondi and Woollahra in Sydney's eastern suburbs."

'Principal Martin North, an economist, compared median mortgage repayments with household income levels to pinpoint where borrowers were struggling. '

'From the outer suburbs to the inner city, stagnant wages and rising costs of living are fuelling mortgage stress. '

'He defined this as mortgage stress, where someone is spending more on home loan repayments and household bills than they are receiving as income. '

'Digital Finance Analytics has mapped out every capital city postcode based on the ability of residents to pay their bills. '


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