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Older borrowers taking out later-in-life loans risk post-retirement mortgage pain (www.abc.net.au)

submitted 3 weeks ago by hanrahan@slrpnk.net to c/ausfinance@aussie.zone

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Australians are increasingly taking out home loans later in life as higher property prices delay first-home buyers getting into the market — with some analysts warning it could lead to post-retirement mortgage pain.

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[–] hanrahan@piefed.social 1 points 3 days ago

GenX with a 700k mortgage

Yeah, Gen X here and thats what I didnt want looking forward decades ago. Good luck "generation buddy"

https://piefed.social/comment/8371801

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