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

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.
Comments (3)
  • 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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