[Atsuii]

It's not 30% of people, it 35% of HOUSEHOLDS were home owners of the dwelling there were in on census night, with there being a total of 9.8 million 'households' in the country. A massive % of Australians working age population have 1 or more mortgages.

Census dwelling data does not give an accurate picture of the number of Australians with mortgages. For example on my census our household reported that we rent the dwelling that we were in, because we do. We reported nothing about the mortgage we have on an apartment in the city that we moved out of 1 year earlier. According to that data point your using my household would be seemingly unaffected after interest rate rises outside of potential rent stress.

[saiya-jin]

You are not disproving his claims, 35% of the households being homeowners means absolutely nothing without knowing how many live as rentees for example. Also am I an houseowner if I paid 90% of the mortgage? 'Massive numbers' can mean anything between 0.01% and 99.8% depending on where you live, who are your friends and coworkers etc.

All that being said, it sounds just like any other western country, or in fact any country in the world apart from very, very few. Welcome to 21st century, you have mostly FED to thank for this, everything else just snowballed in its bad decisions.