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
Saturday, January 30, 2010
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