Jump to content
House Price Crash Forum
Sign in to follow this  
wagner

Australia More On Government To Blam For Repossessions

Recommended Posts

Is it not because people are buying at ridiculous over inflated prices, overspent.

eeemmmm this news is starting to smell like 1990 I always believes history never lies though we have historical low interest rates, lowest unemployment ever, high qualified immigration with good $ in their pockets, high rental demand...with these stats you could sell a house in a few days so don't need to get repossessed.

Its different now why is this happening

http://www.smh.com.au/news/national/govern...7826802018.html

Share this post


Link to post
Share on other sites

'The federal government is to blame for the dramatic rise in the number of homes being repossessed in NSW,' says Premier Morris Iemma.

The NSW Supreme Court found borrowers were losing their homes at record rates because of of climbing petrol prices and high personal debt

Just because interest rates are low you don't have to borrow money, it is a personal choice (Personal Debt).

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.