The flow on effect from dodgy loans is yet to reach its peak , mentioned on the news as an example was a 99 year man whom was approved for a loan ,his paper work included that he was a cleaner making $ 200 000 a year . Mortgage stress continues to worsen . Sluggish wage growth , which is also due to the very high immigration levels particularly from the middle east and india .The Indian population in Australia has increased by around 30 % from the year 2016 to 2018 alone . They are prepared to work for less , they do have good work ethic . Many from the middle east have really struggled to find employment , many are unemployed receiving welfare assistance .Business owners are finding it much harder , really is difficult times in terms of finances .
