18.02.2013 - Do Australians spend too much on housing?
For those who own their own home and don’t have a mortgage their sense is often that other than for costs like council rates, utilities, building insurance and maintenance they don’t spend anything on housing. For those with a mortgage, they may add in the cost of their loan repayments. But this is not the way the Australian Bureau of Statistics (“ABS”) looks at things in its National Accounts’ publications. When calculating how much we, as a nation, spend on housing services the ABS effectively looks at what the entire housing stock could be rented for, based on current rental rates...............................................Full Article: Source
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