You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

23 May 2017 (AFR) – Big mortgages squeeze home buyers’ basic living costs

(23 May 2017, AFR, p5, by Sally Patten)

‘Borrowing six times a household’s salary to buy a property would make it difficult for many people to cover even basic living costs, says financial adviser Adele Martin of Firefly Wealth.’ <snipped…>

‘She was speaking after a report by investment fund JCP Investment Partners found that the average loan-to-income ratio of heavily indebted households was 6.4, more than double the old banking “rule of thumb” that mortgage managers didn’t lend more than three times a household’s income.’


About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.


No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: