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Could a 50-year mortgage work in Australia?
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If the great Australian dream is owning your own home... it should also come with a caveat: owning it outright and paying off that mortgage.
In the United States, there's a new proposal to address their nation's housing crisis. The Trump Administration is working to introduce 50-year mortgage terms for home buyers.
Here in Australia, some lenders have recently started offering 40-year mortgages.
One-third of Aussie adults polled said they'd take out a 40-year home loan if it reduced their monthly repayments to a more affordable level.
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