The collapse of California s Silicon Valley Bank is being compared to the downfall of Lehman Brothers in 2008. A banking veteran has explained how Australia is affected.
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Tenants in Australia s most expensive suburb are typically spending $136,864 a year on rent. Rents on Sydney Harbour are 49 per cent higher than Australia s average, full-time salary.
The Reserve Bank has issued a new warning about mortgage defaults, just days after it raised interest rates for the sixth consecutive month. NAB is forecasting huge falls in Sydney and Melbourne.
Digital Finance Analytics has mapped out the postcodes in Sydney, Melbourne and Perth, along with some regional areas, where borrowers are particularly struggling to pay their bills.