Interesting that the media is starting to acknowledge the possiblity house prices can fall. For so long the most they could admit to was "slowing growth". -As if rising property prices were a given.
"Property prices will fall as unsold stock levels soar, experts warn"
http://www.smartcompany.com.au/property/20101122-property-prices-will-fall-as-unsold-stock-levels-soar-experts-warn.html
"Rising interest rates add to homes stockpile"
http://www.news.com.au/money/rising-interest-rates-add-to-homes-stockpile/story-e6frfmci-1225958145835
Monday, November 22, 2010
Saturday, January 30, 2010
Cracks Are Beginning To Show For First Home Buyers
The issues I spoke about in July may already be coming to pass.
The Sunday Telegraph has reported:
-45% of first home owners in mortgage stress
-Homebuyers using credit cards for repayments
-Numbers to worsen as rates continue to rise
http://www.news.com.au/money/property/aussies-struggle-to-foot-mortgage-bill/story-e6frfmd0-1225825092977
The Sunday Telegraph has reported:
-45% of first home owners in mortgage stress
-Homebuyers using credit cards for repayments
-Numbers to worsen as rates continue to rise
http://www.news.com.au/money/property/aussies-struggle-to-foot-mortgage-bill/story-e6frfmd0-1225825092977
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