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|SYDNEY Jordan Matthews Color Rush Jersey , April 24 (Xinhua) -- Hundreds of thousands of Victorians are struggling to keep up with their mortgage repayments, a report has found.
The report by Digital Finance Analytics (DFA), published by News Limited on Monday, found that 300,000 Victorians could barely afford their monthly mortgage payments.
DFA said that if interest rates were to rise by 2 percent Jeremy Hill Color Rush Jersey , the number of people struggling would double to 600,000.
Even an interest rate rise of 0.5 percent would add an extra 50,000 homeowners to the list of people who are struggling.
The report comes as both Melbourne and Sydney are embroiled in a housing crisis with the median house price in Melbourne having more than doubled in the past 10 years.
Australia's biggest banks took interest rates into their own hands in March, making out of cycle changes to the rates they offered that were not in line by recommendations of the Reserve Bank of Australia (RBA).
Martin North, the principal of DFA Cyrus Jones Color Rush Jersey , said he was certain that interest rates would continue to climb over the next 18 months.
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"They're managing to make their repayments, but they're spending less at the shops, cutting back on other things, putting more on credit cards and hunkering down."
He said that slow wage growth combined with household debt and the increase in the cost of living could throw Australia into financial crisis.
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Xi inspects PLA Southern Theater Command, vows to build strong army
China's passenger aircraft C919 passes 4th high-speed taxiing test
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SHENZHEN, China Malcom Brown Color Rush Jersey , July 21 (Xinhua) -- Team Red of the Chinese men's basketball national team lost to Germany 73-76 here on Friday at the Stankovic Continental Cup 2017, failing to make into Sunday's final.
With 17 seconds to the end of the match, Mend Duo missed the free-throw to tie the score. The host team had no choice but to send their opponent to the free-throw line. Ismet Akpinar made in both and helped Germnay leading at 75-72. Zhao Jiwei then caused the German a foul but the Chinese guard missed the second. Johannes, who led Germnay with 17 points, then also missed his second free-throw attempt Joe Thuney Color Rush Jersey , which gave the Chinese team a chance to force a timeout. But Fang Shuo's three-pointer attempt just went wild.
China, who trailed by 10 after the first quarter, outscored Germany 16-10 in the second period and 24-16 in the third, to headed into the final quarter with a lead of four. But Akpinar scored nine of his team-high 17 in that quarter, leading the German team to the victory and also a ticket to the final.
Wang Zhelin led China with a double-double of 18 points and 10 rebounds. Meng Duo added 17 Deatrich Wise Jr. Color Rush Jersey , which all came in the second half.
Germany will play against Croatia on Sunday, who beat Egypt 92-64 earlier today. The two teams had a clash on Thursday, in which the Croatian won at 83-77. China will only play against the winless Egypt for the third place of the tournament.
Top Chinese leaders visit military exhibition
3 killed, 1 injured during knife-wielding incident in Jerusalem
Cultural, creative zones formed along Beijing-Hangzhou Grand Canal
People protest against Israeli measures on al-Aqsa Mosque compound
AOPA-China Fly-In 2017 air show opens in SW China's Guizhou
In pics: Xinjiang's most beautiful highway
In pics: China's CH-5 drone completes trial flight
In pics: ethnic embroidery show in SW China's Yunnan
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