One thing that is different in USA and AUS is that in US the average mortgage is $350k and in OZ its about $850k.
For example at 5% interest rates in US your pocket is hit by appox $17.5k annually but in OZ we have to fork out $42.5k.......
Avg Sal (2021) in USA was US$97,262 so $17.5k appox 18% of one's pay goes into repayment, but in
OZ Avg Salary is US$61,056 (https://www.tim edo ct or.com/blog/average-salary-in-australia/ ) or AUD$90,840 and paying $42.5k is nearly 46.8% of ones salary......
Has the RBA not taken this into consideration..............
Ya hit us hard.
News: CBA Global turmoil makes Australian banks' refinancing mountain a harder climb, page-2
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Last
$172.87 |
Change
-0.600(0.35%) |
Mkt cap ! $289.2B | |||
| Open | High | Low | Value | Volume |
| $173.40 | $173.61 | $170.97 | $281.9M | 1.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5 | $172.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $172.87 | 400 | 1 |
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| Last trade - 16.17pm 25/07/2025 (20 minute delay) ? |
| CBA (ASX) Chart |