Stumbled upon this interesting piece from Gerv Tacadena of Your Mortgage. He titles it Mortgage Debt Outpaces Growth in Housing Values.
It gives us some fascinating ideas. This one, in particular, we thought was worth the share:
Despite the record-low cash-rate level, households seem to be paying more than they had over the previous years as debt levels soar and wealth deteriorates. In fact, 9.1% of Australian households’ disposable income went to interest payments in December 2018.
Give the rest of this interesting article a read for more information and context.