news.com.au
now there's an informative bunch of people if I ever saw any.......not. Don't believe the nonsense that comes from a lot of these "experts". I read an article this morning saying that the main concern about our astronomical housing debt is that it will curb economic growth. Bad debts are at 30 year lows....which is not surprising with low interest rates but more importantly, our net debt (savings/offset accounts - debts) isn't actually that bad.
Basically what they were saying is that even though the 190% housing debt figures seem to get a play from time to time, Aussies are saving more with the low interest rates and will more likely become more frugal if interest rates rise, therefore preventing a housing market crash.
For every view, there is a counter-view. Don't believe the sheet.
