Interesting news from the Reserve Bank today that the level of Young Home Owners (under 35yo) has dropped notably in the last 10-15 years.
Lots of pontification as to the cause - young people staying home, time take to save a deposit - but I would've thought it plainly obvious?
Most poor sods leaving Uni these days exit with a $30K debt and any idiot knows that this goes against you when trying to secure a loan. Is it unsurprising then, that young people aren't able to get a loan with this burden hanging over their heads - and even the timing is perfect - 10-15 years - pretty well marries up with the increase in HECS over the years!
Showing posts with label reserve bank. Show all posts
Showing posts with label reserve bank. Show all posts
Wednesday, November 25, 2009
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