Incomes keep up with repayments

Census data from the Australian Bureau of Statistics shows that in the decade to 2006, median household income rose 65.6 per cent, almost as much as median mortgage repayments which were up by 66.7 per cent over the same period. In 1996 the most common mortgage repayment was between $550 and $749 per month but $2000 to $2999 was most common last year. The results seem to indicate that a small percentage of the population is paying a lot more in home loan repayments which is boosting the average.

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