Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg
Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg
Property /  International

Australian homeowners paying off mortgages at breakneck pace

Australians have been rapidly paying down their housing debt in recent years, as a form of saving

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Reuters
Reuters

Updated: 5:20am, 23 Apr, 2014

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Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg
Australian home prices, like those in northern Sydney's upmarket Palm Beach, have been soaring in recent years. Photo: Bloomberg
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