Why don't we have 30 year fixed mortgages in Australia like other countries., page-9

  1. 9,527 Posts.
    lightbulb Created with Sketch. 32
    A good point.
    This answer is easier.

    If you make, grow or produce anything
    you need
    #1 premises
    #2 Energy
    #3 Water

    If you are making cups or growing oranges
    if your rates are high, electricity is 30c KWH and water is exy
    you are stuffed.

    People in Asia or the USA have lower costs
    They can sell the same widget cheaper
    Your business case does not exist.
 
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