What do you think is an "average" home loan amount these days???
Average monthly mortgage repayment in our postcode is $2500/month. There are quite a lot of retired people who don't pay mortgages. I guess the GG and PM don't pay mortgages either or the embassies... Do they include Ambassadors etc in the census?
No.
There might be a problem with using monthly mortgage payments as a measure for comparison because one loan may be structured over a ten year period & another may be structured over 25 or even 35 years, obviously that would change the repayment amounts significantly.
Last edited by AnyDream; April 1st, 2013 at 09:50 PM.
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