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02 May This post is from from my other blog here
As a general rule, it is claimed that spending more than 30% of your income on your rent or mortgage places you in a situation of stress. However, in cities such as Sydney, it is not uncommon to see families spending way above 50% of their income on ever increasing mortgages. And regardless of how these families arrived in this situation (whether through the unsafe lending practices of banks and financial institutions or bad decisions by borrowers), the impact is very real. In fact, Mission Australia estimates that right now there are 1.7 million Austalians facing housing stress. RealEstate.com.au are currently running a promotion where they will donate $1 for EVERY click on the Houses for the Homeless website up to a maximum of $100,000. This money can go a long way:
There is more that can be done ... but you can start with the click of a mouse. Do so here.
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