Heise Says
#Recession #Property #HeiseSays
Almost Third of Australians 30 Days Behind on their Mortgage.
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Plucking bells!
With all the OT I've done last year during the pandemic I'm ahead by over 4 months for my mortgage. Doing it alone as well. This year's goal is to try to reach 12 mths ahead- doubt I'll make it but I'll give it a red hot go!
It's going to be rekt city, while I take no pleasure in it, there will be a lot of deals to be had, you will just need to be cashed up.
I wonder how much longer they will keep kicking the can down the road. They can't keep deferring loans forever.
Ridiculous sample-size, that should have been the point.
I don't think anyone who's pro UBI minds that the rich get it too. That's kinda the entire point, is it not?
Default! default! default! then the bank bail in comes into play and bye bye savings.
This is why i can not for the life of me understand why there is a sales boom in real estate.All these people that have bought recently in this property boom are commiting financial suicide.If people think this country isnt going back into lockdown they want a house brick to there head.
Gov : Its not a crisis until its 85%
The RBA told us so…
better start hitting up on the instant noodles for awhile.
Debt Collection Companies should be thriving….
It’s still going to be fine as people already borrowed to the super max, at the same time the gov n bank can’t afford to have the housing market collapse. They can’t raise interest rate n they must suppress working class wage.
Those figures are shocking. I’m lucky I don’t have a mortgage. I own my house outright. My prediction is that banks will minimize repossessions for a while until one of the banks starts repossessing in a big way while prices are still high. This will start a cascade when other banks do the same trying to repossess and sell before they start losing big time. It will become a fear on not getting out.
Whaaa?
Nah, she'll be rite mate, no worries, we'll just change the way this data is reported, if an ostrich can do it, the government can too.
Take care too Mr Says, see you in the next one.
The middle class purge has begun…
41% is SA? Thats huge!
Be interesting to know the loan to value ratio in each of those. South east Melbourne in the much cheaper suburbs like pakenham/officer/Cranbourne, I read a scary statistic about how many mortgages are interest only + primary place of residence, so not investment properties. If they’re in arrears with interest only, imagine the bloodbath when principal kicks in aswell
Third of Australians like it in the rear?
I call bulshit. I don't know anybody who is behind in their rent or their mortgage. Not one person