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Australians are drowning in mortgage debt

August 9, 2024 - 10:00 -- Admin

Last week, the Australian Bureau of Statistics (ABS) revealed that the average mortgage size had hit a record high of $636,600, matching the surge in home prices: Not surprisingly, new data compiled by Justin Fabo at Antipodean Macro shows that “Australian households devoted a record-high share of aggregate disposable income to scheduled housing loan repayments

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