Families Financial positions in Australia
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The following is quoted from the ING Melbourne Institute Household Savings and Investment Report (March 2005):
The last figure is surprising, although it does not say WHEN, they will invest it.
- 34% of Australian Homes have a credit card debt
- 33.5% have a Mortgage debt
- 20% have a Bank Loan
- 13.8% owe money on a car
- 50% are able to save regularly (Dec 2004 was 55.9%)
- 24.1% will invest savings in real estate
The last figure is surprising, although it does not say WHEN, they will invest it.