Australian house prices are set to lift further as interest rates stabilise. Here's what's happening in your capital city
www.abc.net.au
Australia's housing market is firmly in recovery mode as prices are on track to reach a new record high. Here's what's happening in your capital city.
  • @kowcop@aussie.zoneEnglish
    1•1 year ago

    This has to re-balance at some point. The only way to buy a house seems to be to have an existing house to upgrade, or have someone die and get enough inheritance to make the remainder of a mortgage affordable. We went to refinance a month or so ago and an income of $250k was needed for about $1.3m mortgage (without lying about expenses)