What a party; what a hangover!
The RBA said yesterday assets have fallen by $40,000 per household in the last year. No wonder everyone is now saving over ten percent of their incomes and slashing mortgage balances with grim determination. The economy, which usually steers like an oil tanker, has...Don’t Buy Now! campaign saves buyers $58,000 in one year
28 March 2012 Young homebuyers who took Prosper Australia’s advice – Don’t Buy Now! – exactly a year ago have typically saved themselves $58,000. “I congratulate everyone who stood aside from this dreadful Ponzi scheme known as the Australian property...Was Lloyds Bank the ONLY silly lender in Australia?
Lloyds Bank is selling a $2.1 billion book of bad Australian commercial property loans and expects to take a fifty per cent haircut. There is more. Morgan Stanley is alleged to have bought a Lloyds’ Gold Coast loan book with a face value of $700 million for between 30...House prices are falling – somewhere else
The politico-housing complex relies heavily on poor quality data to hide the market price of houses from innocent low-information citizens. It has this market knowledge at its fingertips – but is determined not to share it with the likes of you and me. Most of the...Republish this article
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