Mortgage Costs

Be informed, read this article (link in comment)

📰 AFR: "Australian households are spending this much of their pay on home loans"

Australian households are spending more of their income on mortgage repayments than at any time in the last 30 years, with NSW highest at nearly 31%.

The payment burden has risen even as house prices fall, driven mostly by four rate rises this year.

Alongside general costs of living (and small business costs) cranking up due to inflation.

We are all feeling it and it's not a good feeling. Renters are not immune either.

Governments are under pressure to cut spending to help bring inflation and rates down. Keep the pressure on them! There is more they can be doing!

Link to article in comments or email james@trulyfinance.com.au for a PDF copy.

Love to hear all things you're doing to manage household costs!

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