“4.9 per cent of all Australian homes are currently valued at less than purchase price”
LMAO! ALL Australian homes? Purchased since when? That's twice the figure assessed by the National Centre for Social and Economic Modelling (quoted from smh):
Note the above - more realistically - refers to the number of mortgages, as there is a large % of Aus property that is fully owned. I doubt many of these would be in negative equity.
That said, if it's really 2% of all mortgaged households that is a high figure IMO.
LMAO! ALL Australian homes? Purchased since when? That's twice the figure assessed by the National Centre for Social and Economic Modelling (quoted from smh):
While the percentage of home owners with so-called negative equity remains tiny - about one in fifty of the 3 million households with mortgages - the number may well swell in 2012 if home prices extend their declines as some analysts expect.
Note the above - more realistically - refers to the number of mortgages, as there is a large % of Aus property that is fully owned. I doubt many of these would be in negative equity.
That said, if it's really 2% of all mortgaged households that is a high figure IMO.