Search results

Does anyone know if any other country in the developed world has such thing as NG? If the government really wants to improve the afordability, then logical move would be to phase out NG and to introduce tax concessions for home owners. Abt the " I know the yield is 3% but prices have doubled...

Pete, you need to compare mortrage repayments as percantage of net income by world standards. Why do we always think that Australia is so specific and that Sydney is one and only (although it is :-)... If a family in US is paying about 20% or their net income on mortgate, and in Germany around...

Pete, I think that 36% of weekly income is way too much for mortgage repayments. This means that many single income families are paying more around 50% of after tax weekly income to the bank. In case of job loss, sickness, new family members, or hardship, this numbers are unsustainable...