Anyone who thinks property is not overvalued, can continue to increase in value and the average person still be able to afford it is deluded and kidding themselves
Rising prices hit white collars workers
Saturday, April 26, 200811 hours 10 minutes agoVIEWS: 0| FLOCKS: 0| 0 comments so far
Increased food and petrol prices, and rising interest rates, are creating a new class of "white collar battlers", welfare groups warn.
The Salvation Army has told News Ltd newspapers it has seen a 58 per cent rise in crisis clients in the past six months, many of whom don't fit the usual profile of those in need.
"Now we have a whole new class who are simply not coping," News Ltd quoted the Salvos' Major Phil Maxwell as saying.
"First-home buyers who have bought into their dream and woken up to a very harsh reality.
"Young families, people with secure employment who find their costs exceed their income."
The number of those seeking help had grown so sharply the charity was having to turn some people away, Major Maxwell said.
The NSW Council of Social Service said financial pressures were pushing some white collar workers to the brink.
"We're seeing different people who are really struggling, people who have white collar jobs, people with full-time jobs," News Ltd quoted the council's Alison Peters as saying.
