Home ownership falls, mortgage stress rises in Sydney, census reveals

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The rate of home ownership in Sydney has fallen and the share of home borrowers under financial pressure has more than doubled during the past five years | MattWadeSMH

. Although some indicators suggest prices have eased a little in the past few months.

“Housing is just so expensive that an increasing number of young Sydneysiders can’t afford to buy a home in their own city,” he said. The share of Sydneysiders who own their own home outright has fallen from 39 per cent to 27.8 per cent since 2001. Home borrowers in the eastern suburbs statistical region had the highest median monthly mortgage repayment of $3298, followed by the Northern Beaches with $3124.

 

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MattWadeSMH People bit off more than they could chew. So who's at fault?

MattWadeSMH That was during “the good times”.

MattWadeSMH Good!! Collapse the economy! ccp communism4all

MattWadeSMH DFA_Analyst adamseconomics Some interesting data related to your recent video.

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