Monday, July 16, 2007

We worry about never being able to afford to retire.

House worries swing the vote

THE Pepar family, with two kids, two dogs and a charming little house in the heart of the Parramatta electorate, are exactly the sort of aspirational voters John Howard needs to keep onside if he is to win the next election. Anna and Matthew Pepar, both 30, are professional people on above-average incomes and would generally be considered natural Howard voters. But the couple - parents to Millie, 2, and Elijah, 3 - are under financial stress. Although they earn a combined income of more than $110,000 a year, they are struggling to pay their mortgage charges of $800 a fortnight and childcare costs of $650 a week.

Posted by chris @ 12:32 AM (460 views)
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2 thoughts on “We worry about never being able to afford to retire.

  • Stoatgobbler says:

    I very strongly recommend anyone interested in house prices to read the paper written for the Board of Governors of the Federal Reserve System – ‘House Prices and Monetary Policy: A Cross-Country Study’ (International Finance Discussion Papers, Number 841, September 2005 – Ahearne, Ammer, Doyle, Kole & Martin). Of particular interest will be the correlation study. US, Aus, Ireland, Spain all in nthe crapper = UK going there soon.

    By the way, put my flat on the market on Thursday last5 week – asking price offer today. Make of that what you will.

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  • Strange article because it fails to mention why the Pepars are struggling. Their circumstances haven’t changed. The last Ozzie interest rate hike was in November and they’re now paying only 1% more per month than they were in 2004. Food inflation? High price of oil? I’m confused. Given that they haven’t mentioned what the problem is, how on earth is John Howard or his replacement supposed to solve it?

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