@Nonameuser678@aussie.zone to Australia@aussie.zone • 2 years agoRecord number of Australians at risk of mortgage stress as RBA interest rate rises bitewww.theguardian.comexternal-linkmessage-square10fedilinkarrow-up135arrow-down10
arrow-up135arrow-down1external-linkRecord number of Australians at risk of mortgage stress as RBA interest rate rises bitewww.theguardian.com@Nonameuser678@aussie.zone to Australia@aussie.zone • 2 years agomessage-square10fedilink
minus-squarePons_Aeliuslinkfedilink20•2 years ago thanks Labor Both major parties have been keeping the bubble going since the mid-90 and they keep doing it because it is a vote winner.
minus-square@Lintson@aussie.zonelinkfedilink10•2 years agoThe wealth of so many Australians is tethered to property ownership that to threaten housing prices is to basically ask to lose an election.
minus-squarePons_Aeliuslinkfedilink7•2 years agoOnly while there are more home owners than renters voting. But with the population being 2/3 owners (half with a mortgage) and 1/3 renters that will not change for a long while.
minus-square@Taleya@aussie.zonelinkfedilink2•2 years agoNot quite accurate: not every homeowner wants this goddamn insanity to continue.
Both major parties have been keeping the bubble going since the mid-90 and they keep doing it because it is a vote winner.
The wealth of so many Australians is tethered to property ownership that to threaten housing prices is to basically ask to lose an election.
Only while there are more home owners than renters voting. But with the population being 2/3 owners (half with a mortgage) and 1/3 renters that will not change for a long while.
Not quite accurate: not every homeowner wants this goddamn insanity to continue.