Business
Under pressure: First-home buyers vulnerable to higher rates – Sydney Morning Herald
Almost two-thirds of the after-tax income of a Sydney first-home owner household could be consumed in servicing their mortgage…
The housing affordability concerns are not as great in Melbourne, as prices are significantly lower than in Sydney, while wages in the southern capital are only a little lower.
Nevertheless, having a mortgage still soaks-up 41 per cent of the household…
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