Australians in a hurry to get ahead on home loans-central bank

Australians have an unusual habit of paying off their mortgages much faster than borrowers in most other rich nations, a valuable trait that gives households a safety buffer were the economy to slow sharply.

Around half of all borrowers are ahead on mortgage payments, the Reserve Bank of Australia (RBA) reported on Tuesday, a level only reached by Canada among developed nations.

via Business feed http://www.scmp.com/business/economy/article/1046827/australians-hurry-get-ahead-home-loans-central-bank