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Property woes that hit the rest of the world years ago are now being felt in Australia where...

  • Thursday, March 15, 2012, 9:37 AM ET
    Property woes that hit the rest of the world years ago are now being felt in Australia where home sales volume fell 7.3% in January to an 11-year low. Household debt-to-income ratio of 150% is higher than the U.S. prior to the financial crisis and funding pressures are forcing banks to hike mortgage rates even as the central bank cuts.
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This news story has 3 comments:

  •  
    bullish...all of it.
    15 Mar 2012, 09:45 AM Reply Like
  •  
    Understood debt to income very important but can we have the debt service to income ratio too???...
    15 Mar 2012, 09:46 AM Reply Like
  •  
    Australia running at higher interest rates that the US. Expect debt service to be significant in AUS.
    15 Mar 2012, 09:51 AM Reply Like
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