Wow! Learning so much as expected.
I'll be blunt here..
If you are a young family in Australia, currently struggling to pay off a home loan month by month, I wouldn't be surprised if you default on your home loan in the next few years..
Do you know the current state of the Australian economy or other economies around the world for that matter? You should educate yourself before you take out a home loan. What happens on the other side of the world away from Australia can affect your local home loan interest rates.
If you don't know how this can happen, find out by contacting the team at As Good As Gold Australia and talk to their chief economist and former liberal coalition adviser, John Adams.
Steepshot