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brief 24th November 2016 in brief
brief 24th November 2016 in brief

Significant increase in mortgage costs identified by Treasurer

The cost of mortgages rose significantly in the 30 years 1981 to 2011. As Treasurer Scott Morrison identified in a recent speech, the ‘share of median household income spent on mortgage payments has increased by more than half for 25–34 year olds between 1981 and 2011 and more than doubled for 35–44 year olds, with each paying around 25 per cent or more of median household income on their mortgages.’

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