Posted by: OneOfTheBoys
Posting time: 10 months ago on 2/14/2020 4:21:23 PM
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Archived on: 5/15/2020 10:00:00 AM
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Archived The Australian suburbs where it's almost impossible to pay off your mortgage - with even baby boomers still deep in debt and super-rich areas struggling badly (dailymail.co.uk)
submitted 10 months ago by OneOfTheBoys
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[–] derram 0 points 0 points 0 points (+0|-0) 10 months 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. '
This has been an automated message.
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[–] derram ago
https://archive.ph/wip/CHj2u :
"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. '
This has been an automated message.