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1.Market Observations, 8.Was Sticky

9 Jan 2017 (AFR) – Affluent suburbs feel heat from rising property costs

(9 January 2017, AFR, p6, by Duncan Hughes)

‘Property buyers in some of the nation’s swankiest suburbs are among those under most stress keeping up mortgage repayments, according to an analysis by postcode of income and debt levels. The young affluent in plush inner suburbs living the high life are more likely to be financially derailed by rising costs than battlers in new estates on the suburban outer fringes, the analysis reveals.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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