If you paid 17pc interest in the 1980s, you're lucky

By Caitlin Fitzsimmons
Updated March 20 2017 - 9:43am, first published February 28 2017 - 9:44pm
First home buyers face high prices, and interest rates that are likely to go up.
First home buyers face high prices, and interest rates that are likely to go up.
Auctioneer Jesse Davidson gets $3.87 million for a house on George Street, Marrickville, on Saturday. Photo: Fiona Morris
Auctioneer Jesse Davidson gets $3.87 million for a house on George Street, Marrickville, on Saturday. Photo: Fiona Morris
If you paid 17pc interest in the 1980s, you're lucky
If you paid 17pc interest in the 1980s, you're lucky

"But we paid 17 per cent interest on our mortgage!"

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