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Te Mata

Think You Poms Are Hocked Up?

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AUSTRALIANS have been warned to keep a greater watch on their personal savings to stave off a potential downward spiral into debt.

The Australian Securities and Investments Commission is concerned consumers are taking on too much without knowing the risks associated with their borrowings.

The financial watchdog wants Australians to make monitoring their money one of their most important new year's resolutions.

ASIC estimates that many people now have up to three loans with a mortgage, credit card and personal or car loans.

..and this one shocked me...well, it didn't really

Australians have one of the highest debt levels in the world, particularly for housing.

A recent report by the Organisation for Economic Co-operation and Development found Australians generally owed more money than they earned.

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I'm not surprised, I lived in Melbourne for a while and everybody was in debt up to their eyeballs, but that was because of the high cost of buying property, anywhere within an hour of the CBD was well out reach for 90% of the workforce.

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Look mate.. we are the most indebted, rubbish nation on the planet and we are proud of that..

Fancy trying to take our title..

I am shocked..

this one we worked for..

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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