Search results

Wibbly Pig Is this data for the whole of Australia and does it include all lenders? btw, December is always a quiet month

Exactly, so don't get your hopes up people, property prices won't be coming down in a hurry. The only reason for increased loan defaults is higher interest rates but even those won't be going to 10% as they did a couple of years ago. Also, as interest rates go up your borrowing capacity drops...

Not at all the same thing I'm afraid. If a person in the US fails to repay a nonrecourse loan, the lender has no recourse against him except to foreclose of the assets used to secure the loan. End of story, he can continue getting on with his life. If a person defaults on a loan in...

In some areas and mostly due to oversupply and due to nonrecourse loans where a person can simply hand the house keys back and not lose anything other than the house. Different countries, different markets, different products, you can't compare them

There could be some pressure on house prices but don't bank on it because there is no oversupply. Also, repossessions used to take up to 12 months a year ago when interest rates where 9%. Loan defaults could take even longer today because with low interest rates our repayments are the...

If the Oz economy got any worse interest rates would have got even lower and this means increased affordability and increasing property prices