Australian have no problem repaying mortgages despite high property prices: Mortgage Choice

  • Australia’s housing market may be frothy, but it doesn’t appear likely to be a bursting bubble anytime soon, if the comments of a big mortgage broker are anything to go by.

Home prices have spiked higher in recent years amid record low interest rates, but John Flavell, CEO of Mortgage Choice, said that wasn’t impinging much on his customers’ ability to keep up with their payments.

READ MORE VIA CNBC

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PHOTO SOURCE: CNBC

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