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