Despite the Global Financial Crisis, an event triggered by debt, the Reserve Bank of Australia figures show Australian Households have punched through the big $1 trillion dollar mark in home mortgages. This is almost 15 times more than 20 years ago. Loans to Investors to purchase houses have gone up …
For years Real Estate agents have been saying you can’t lose with property. Despite this reassurance, Residex research shows 24% of Sydneysiders who have brought and sold property in the past five years have lost. The average shortfall has been more than $54,000 or in many cases, the value of …
According to a report from FirstAmerican CoreLogic, more than 11.3 million mortgage holders have negative equity – they owe more on their mortgage than what their home is worth. This represents almost 25% of all Americans with a mortgage. Worst still, more than 10% of people with a mortgage owes …
The FDIC on Wednesday has indicated there are 702 banks on the FDIC trouble list which is in danger of defaulting. This is the highest level in 16 years. Last year 140 banks failed in the US, with another 20 this year. The FDIC Chairwoman, Shella Bair says this pace …
With the onset of an election, the government has seized at data from the Australian Bureau of Statistics showing Australia’s unemployment rate is trending down from 5.5 percent in December to 5.3 percent in January. But while more Australian’s are in work, is the result really as rosy as the …
Demand for mortgages has dropped for the third consecutive month in December, with approvals falling a seasonally adjusted 5.5 per cent according to official ABS data. This follows falls in November of 6.1 per cent and October of 2.85 per cent and brings the quarter fall to 13.74 per cent. …
Large falls in mortgage applications is surfacing among mortgage brokers suggesting not all is well in the housing market. The Loan Market Group has indicated home loan approvals have fallen 40 per cent from its peak in 2009. LMG has recorded its slowest month since January 2006. But falls of …
Data from the Australian Bureau of Statistics (ABS) show the prices for houses in Australia has surged in the December quarter. The weighted average for the eight capital cities increased 5.2% for the quarter, bringing the annual gain to 13.6%, once again outstripping wage growth and inflation. ยป 6416.0 – …
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