Borrowing against the home increases
Monday 19 January 2004
Australian households are borrowing more against the equity in their homes but levels were not unsustainable, according to Australia's central bank.
By The Landlord
The Reserve Bank of Australia said this was because rising house prices were creating more equity.
Banks in New Zealand have said a similar situation exists here.
Commenting is closed
There’s no sign of a slow-down in Wellington’s property prices with Trade Me Property’s latest data showing that asking prices continue to rise solidly.
Vacancy rates in the commercial property sector are set to increase as changing economic conditions dampen demand.
Take note, investors: It is "quite possible" fixed rate mortgages have hit their lowest point in this cycle, according to economists at ASB.