Worried About Mortgage Stress? You’re Not Alone
Safety margin Understand how much of your income should be going towards your home loan without pushing you over the edge, writes Duncan Hughes.
Safety margin Understand how much of your income should be going towards your home loan without pushing you over the edge, writes Duncan Hughes.
The International Monetary Fund has called on Australia to address the rising financial stability risks posed by surging house prices, which are expected to increase by up to 20 per cent this year.
The Reserve Bank of Australia has warned it may be necessary to clamp down on household debt to income levels as growing debt driven by booming property prices could increase the risk of financial instability.