>>508552531
Average house price is 22x the full after tax yearly median income, they claim if paying anything more than 1/3 your yearly taxable in repayments it is not serviceable loan.

It's more fucked than people realize.

Australian banks can change variable home loan interest rates at their discretion, even outside of Reserve Bank of Australia (RBA) movements.

In terms of bank profitability per capita, Australia ranks among the very top globally — often #1 or in the top 3 — depending on the year and methodology used.

Absolutely cooked lad