{"id":6117,"date":"2017-01-26T10:15:35","date_gmt":"2017-01-25T21:15:35","guid":{"rendered":"http:\/\/propertynoise.co.nz\/au\/?p=6117"},"modified":"2017-01-26T10:15:35","modified_gmt":"2017-01-25T21:15:35","slug":"figure-that-proves-prices-are-out-of-control","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/figure-that-proves-prices-are-out-of-control\/","title":{"rendered":"Figure that proves prices are out of control"},"content":{"rendered":"<ul>\n<li class=\"heading\">IT\u2019S the daunting figure that showcases Sydney as one of the most expensive places to live in the Cosmos: the average resident now needs to spend 44.5 per cent of their income to service a mortgage.<\/li>\n<\/ul>\n<p>Despite interest rates sitting at a historic low, prices are now so high that the mortgage is now chewing up more of the household income than it was in 2004 when interest rates were 215 basis points higher.<\/p>\n<p>READ MORE VIA <a href=\"http:\/\/www.news.com.au\/finance\/real-estate\/buying\/sydneysiders-spending-half-their-income-to-pay-mortgage\/news-story\/bbc874680539041ba1de07e986a742cd\">NEWS.COM.AU<\/a><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-6115\" src=\"\/\/www.propertynoise.com.au\/wp-content\/uploads\/2015\/12\/enica-bahun-and-sandro-bursac.jpg?w=300\" alt=\"enica-bahun-and-sandro-bursac\" width=\"300\" height=\"169\" srcset=\"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/enica-bahun-and-sandro-bursac.jpg 650w, https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2015\/12\/enica-bahun-and-sandro-bursac-300x169.jpg 300w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Jenica Bahun and Sandro Bursac, both 25, on hunt for their first Sydney property. Picture: Adam Taylor<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IT\u2019S the daunting figure that showcases Sydney as one of<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/figure-that-proves-prices-are-out-of-control\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":6115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[],"class_list":["entry","author-data123nz","post-6117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Figure that proves prices are out of control - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/figure-that-proves-prices-are-out-of-control\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Figure that proves prices are out of control - 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