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SYDNEY, April 24 (Xinhua) -- Hundreds of thousands of Victorians are struggling to keep up with their mortgage repayments, a report has found.
The report by Digital Finance Analytics (DFA) Nike Air Max 97 Womens Sale , published by News Limited on Monday, found that 300,000 Victorians could barely afford their monthly mortgage payments.
DFA said that if interest rates were to rise by 2 percent, the number of people struggling would double to 600,000.
Even an interest rate rise of 0.5 percent would add an extra 50,000 homeowners to the list of people who are struggling.
The report comes as both Melbourne and Sydney are embroiled in a housing crisis with the median house price in Melbourne having more than doubled in the past 10 years.
Australia's biggest banks took interest rates into their own hands in March Nike Air Max 97 Mens Sale , making out of cycle changes to the rates they offered that were not in line by recommendations of the Reserve Bank of Australia (RBA).
Martin North, the principal of DFA, said he was certain that interest rates would continue to climb over the next 18 months.
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He said that slow wage growth combined with household debt and the increase in the cost of living could throw Australia into financial crisis.
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Xi inspects PLA Southern Theater Command, vows to build strong army
China's passenger aircraft C919 passes 4th high-speed taxiing test
Macron, Le Pen advance to French presidential election runoff
In pics: Awarding ceremony of Tiantan Award for BJIFF
China's first cargo spacecraft successfully docks with space lab
Pigeon pair giant panda cubs named ""Ban Ban"", ""Yue Yue""
Graphics shows launch procedure of China's first cargo spacecraft Tianzhou-1
Terraces shrouded by clouds in south China's Guangxi
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MOSCOW, April 18 (Xinhua) -- Russia-China relations aredeveloping dynamically regardless of the international situation Nike Air Max 97 Sale Cheap ,said Chairman of the Russian State Duma Vyacheslav Volodin in arecent interview with Xinhua.
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Expecting his first meeting with Zhang, China's top legislator,Volodin said he hopes they will be able to establish a goodrelationship.
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