who knows how long it'll stay in the warning zone though, could be 2 years or 10 years
Australias Property Bubble Bursting
Carter Bailey
Xavier Garcia
No itll be a short fall. US feds rates increases guarantee that.
Gabriel Myers
It's bliss, Start on the bongs (preferably bucket) 24x7 and you will be there to!
Michael Brooks
>The number of Australian homeowners over the age of 65 still carrying mortgage debt has trebled since 2002, raising concerns the nation's retirement savings could be absorbed into the housing boom.
>In 2002 only 4 per cent of homeowners aged over 65 carried mortgage debt, figures from the Australian Bureau of Statistics show. By 2015, the latest figure available, that had grown to 12 per cent.
lol
sMh.com.au
Easton Jenkins
>The number of 55-64 year-old homeowners with mortgage debt had more than doubled, from 23 per cent in 2002 to 47 per cent in 2015. The percentage of homeowners aged 45-54 with mortgage debt climbed from 55 per cent to 77 per cent over the same time frame.
what a shambles
Alexander Perry
12% - thats fluff my man, those people should never have bought to begin with. This is the sort of thing that brings the market back to sanity.
Chase Powell
It is just another great legal Ponzi scheme. The only losers are those who had no idea of the risks or take them at the extremely vulnerable point. Some came out with a motza and most everyone got a little something. It is pretty much life really.
Chase Wright
The trend is worse than the static number. 12% today is 40% in a few years.
Look at 47% of 55-64 yos having mortgages, up from 23 in 2002. It'll be over 50% by now. These people have no wage growth and will retire with mortgages. They will be forced to sell. More stock on the market for a seller who has no choice but to sell, so theyll bring prices down while bringing property choices up.
Dominic Garcia
>tfw ywn be this short-sighted
Hudson Mitchell
Those numbers are pretty alarming..
I wonder what the mortgage rates are like?
What percentage (with age breakdown) of people have mortgages now compared to 2002? Mortgage completion stats would be nice to see too.