Australians spending more on housing: RBA
Larry SchlesingerDecember 14, 2011
Australians are contributing higher proportions of their income on housing costs, with rent, interest payments and household services (utilities, cleaning, etc) costs all rising between the years 2003-04 and 2009-10, according to a household expenditure survey carried out by the Reserve Bank.
In comparison, Australians are taking less money out of their wallets to pay for cars, stereos, furniture and books then they did six years ago.
They’re even spending less on cigarettes.
Larry Schlesinger
Larry Schlesinger was a property writer at Property Observer
