The prospect of relief for Australia’s affordability housing shortage has dimmed, despite low interest rates and government grants for homebuyers. Continue reading
Tag Archives: house prices
Recovery not felt in largest sector of the economy
The Australian Industry Group-Commonwealth Bank of Australia performance of services index is for the third month running below the 50-point line. That means the services sector of the community is in contraction rather than expansion. Continue reading
Mortgage pain on the increase
The number of households facing mortgage stress has risen to a 16-month high with increases in interest costs outweighing improvements on the jobs front. Continue reading
Shares shake; What about your home?
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A crisis in confidence yanked $55 billion from the hands of Australian shareholders yesterday and took a chunk out of their retirement nest eggs, but what will the global financial turmoil do to their other store of wealth: their homes? Continue reading
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