Wealth is up but ABS warns more than 400,000 Sydneysiders are 'over-indebted'

Housing Market in Australia

Source: Getty Images

Soaring house prices have lifted the wealth of the average Sydney household to $1.3 million, but hundreds of thousands of families in the city have been left "over-indebted".

More on the SMH website.


Share
1 min read

Published

By Heba Kassoua
Presented by مرحبا أستراليا من 4-7 بتوقيت سيدني وملبورن من الاثنين وحتى الجمعة

Share this with family and friends


News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Arabic-speaking Australians.
Personal journeys of Arab-Australian migrants.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Arabic Collection

Arabic Collection

Watch SBS On Demand
Wealth is up but ABS warns more than 400,000 Sydneysiders are 'over-indebted' | SBS Arabic