More Concerns About Mortgage Serviceability

Interesting little story where Accountants are backing away from issuing certificates of affordability for some mortgage applicants. Another sign of stress in the mortgage under writing system.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

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  1. One wonders the role of accountants in Australia since all Australia has got to show for itself is a debt to GDP ratio of 60% by the IMF and nobody's calling the perpetrators for this rise.

  2. If you can't pay your bills, get yourself down to rays outdoors and buy a tent! I'm sick of all the sob stories, why do homeowners think they're this special kind of elite class that is immune to the laws of basic economics?

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