Crash Alert: Households Are Running Out Of Runway!

Despite all the hopium from the property lobbyists, the truth is more households are running out of runway with regards to their finances. It has shown up in my latest surveys, with more than half of mortgage holders now struggling with cash flow, and 70% percent of renters in the same boat. Next Tuesday on my live show I will be walking through the detail behind these numbers. But the pressure is also showing up in other statistics. For example, the Australian Bureau of Statistics last week revealed that value of household deposit accounts decreased by $6 billion in the […]