Bad news for buyers in this Aussie suburb

If people can afford to pay rent, why can’t they afford to pay a mortgage? It’s because many people don’t save. They spend (and spend on credit) and they’re unable to save enough for the deposit to buy. So does that mean property is actually unaffordable or it’s just that people prioritise other spending?

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from Phang Legal https://ift.tt/2ZuGxjQ