According to the latest HIA announcement, Australia could be short of nearly 500,000 dwellings within 10 years, which would push up prices and rents, if population growth and low construction levels continue, the Housing Industry Association forecasts.
Property investors are dominating the mortgage market, new data from Australia’s leading finance aggregator, Australian Finance Group (AFG) has found as written in The Adviser. According to AFG’s latest mortgage index, 34.1 per cent of all mortgages arranged nationally in February were for property investors – the highest percentage ever recorded by the company. The [...]
The GFC in Australia has come and almost gone in the virtual blink of an ipod. And whilst the USA suffered and is still suffering from the rampant greed and egos’s in financial institutions that leveraged on leverage and then destroyed more wealth in their country than any other incident I can remember, Australia pulled [...]
