The Australian mortgage monster

The combination of the highest relative property values in the world with the highest official interest rates naturally produce high home loan repayments.

Just how high and how painful is now becoming more than obvious. Anecdotal reports of rising repossessions and a huge increase in forced sales are now spreading from so-called blue collar suburbs to properties in the $1 million to $5 million valuation range.

Mortgage stress is spreading across all cities, suburbs and demographics.

Overgeared families are obviously the most vulnerable but wealthier Australians are now being caught as they liquidate assets to meet margin calls on highly leveraged share portfolios caught in the equities downturn.

The latest research from Fujitsu Consulting claims more than 900,000 Australians will suffer mortgage stress by September, 400,000 of those will be in severe stress and 80,000 could lose their flats because they can't meet the loan repayments.

Severe stress is defined as being unable to meet repayments without refinancing, with many having to put repayments on their credit card.

They are sobering figures. Yet probably the scariest finding from the Fujitsu report is that once someone is in severe stress there is a 20 per cent chance of being forced to sell the property and there is only a 50 per cent chance of getting out of mortgage stress altogether.

Cheeeeeers!

26.8.08 11:55

To date 15 Comment(s)     TrackBack-URL


Donte / Website (2.9.10 08:02)
Bravo, the excellent message Codeine 15mg The authoritative point of view ultram online Here there can not be a mistake? phentermine diet pills This answer, is matchless buy tramadol online It has touched it! It has reached it! order xanax ddb510


Michal / Website (4.8.11 02:50)
You are right, it is exact lexapro 5mg Also what from this follows? ambien without prescription The excellent and duly answer. order tramadol Speaking frankly, you are absolutely right. clomid prescription It is removed (has mixed section) buy soma b51074f6


hafdcad / Website (12.9.11 16:09)
Indianapolis Locksmiths
Long Beach Locksmith
Dallas Locksmiths
Detroit Locksmiths
Locksmith Irvington
Hillside NJ Locksmith
kendall Locksmith
Hawthorne Locksmith
locksmith Portland


paker / Website (14.9.11 04:01)
Miss a tasteful selection of a suitable for their own package, then so much the shape of a beautiful bag, that it was the most humane? In fact, the Coach Bags is a beautiful appearance and user-friendly and lightweight bag that you see online is just the coach that their images were part of the package, it is cheaper, we try to reduce the price of each section, so you to have a good one of their own handbag. ButCoach Outletand Coach factory outletalso very good.


(20.10.11 08:00)
We are professional supplier committed in replica watches , mbt , wholesale soccer jerseys , mulberry factory shop , burberry sale , moncler sito ufficiale and so on , customer service and support team who are glad to assist you.


Jerome / Website (23.10.11 23:09)
hgjgfjhgfjassdfgsfdg
kamagra oral jelly 10 sachets oV7
kamagra gelly eKF
kamagra moins cher GD
kamagra en sachet oV7
prix kamagra france GD
kamagra comment prendre GD
commander kamagra oral jelly 3wk
kamagra ajanta pharma y7L6
kamagra en ligne 92
kamagra jelly y7L6
kamagra achat france wUR
achat kamagra xP
acheter kamagra oral jelly y7L6
kamagra gel forum y7L6
kamagra maux de tete 2VA
kamagra vente paris 72H


(23.10.11 23:09)
Kamagra le moins cher id6
Kamagra 100mg comprime s1J
kamagra 100mg gel GD
acheter kamagra 100mg eKF
acheter kamagra gel 3xux
kamagra en sachet 72H
kamagra vert fNC
kamagra suisse 3wk
kamagra commande SRc
Kamagra vendre belgique cn8
kamagra oral jelly in south africa 3xux
kamagra oral jelly prix 2VA
kamagra en france xP
kamagra acheter toulouse 92
kamagra quel site 2VA
kamagra marche pas yjz
kamagra 100mg effets N5


Jerome / Website (23.10.11 23:09)
gel kamagra 100mg 3wk
kamagra jelly effets secondaires yjz
kamagra oral jelly in south africa cn8
kamagra sans ordonnance yjz
acheter kamagra oral jelly en france 3xux
kamagra femme y7L6
acheter kamagra en ligne Rf7
prix kamagra 100 QU
commander kamagra 100 cn8
vente kamagra 100 3xux
vente kamagra jelly wUR
kamagra impuissance Rf7
kamagra vendre s1J
kamagra up 2VA
forum kamagra N5
achat kamagra france y7L6
kamagra pas cher acheter xP


(23.10.11 23:10)
kamagra gel grossist 3xux
kamagra prix discount y7L6
acheter kamagra GD
vente kamagra france xP
kamagra marseille SRc
kamagra achat 3cl
kamagra pas cher acheter N5
kamagra comparer prix y7L6
acheter kamagra 3xux
kamagra gel forum U9I
kamagra jelly 3wk
kamagra sachet s1J
vente kamagra france GD
acheter kamagra avec paypal oV7
kamagra bas prix DoM
kamagra 100mg en sachet 3wk
kamagra vendre 3xux
prix kamagra france y7L6
kamagra marche pas xP
kamagra oral jelly prix cn8


sping lin / Website (4.11.11 03:15)
1. The initial step on to choosing a single top quality ski cheap true religion jeans is always to guarantee a one particular fabric used on the topic of a jacket has become waterproof.


Adipex (22.12.11 10:25)
The strategies stated in this piece of writing about to increase traffic at you own web site are in fact nice, thanks for such nice post. Adipex


(19.4.12 09:11)
Red Wing Shoe Store,www.google491250.com,http://flats4fun.20six.co.uk/flats4fun/art/635348/-The-Australian-mortgage-monster


(3.5.12 19:07)
Air Jordan 11 Concord,www.google388151.com,http://flats4fun.20six.co.uk/flats4fun/art/635348/-The-Australian-mortgage-monster


(25.6.12 17:48)
belstaff jackets store,www.google108187.com,http://flats4fun.20six.co.uk/flats4fun/art/635348/-The-Australian-mortgage-monster


chenqingshan / Website (13.9.12 04:12)
economic status from the football team that you support Brandon Carr Nike Jersey and Earl Thomas Nike Jersey wear Cheap NFL Jerseys proudlyBut Ndamukong Suh Nike Jersey before Drew Brees Jersey heading out Matt Flynn Jersey for you to Kevin Ogletree Jersey play Heath Miller Nike Jersey football Marshawn Lynch Nike Jersey using your friends Matt Flynn Nike Jersey you should practice your current Russell Wilson Nike Jersey

Name:
Email:
Website:
Email me when further comments are posted
Save information (cookie)


 Insert emoticons