"Looking up REIV average house in Melbourne is $569K, mortgage cost at todays interest rate of $801 per week"
Steve, you are implying that people are borrowing 100% of the value of the property. Very misleading, Btw interest only on that is about $580
Is not the average mortgage $325K, what's that $320 pw interest only which is less than rent. Now if that is a working couple they could afford to pay off a fair bit of pricible on top of that
