Do we have a homelessness problem? Homelessness problem or a market problem?
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Home loan arrears are at the highest levels for five years http://snip.ly/mky1h The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service. Source: Mortgage arrears at five-year high: Moody’s
Steep drop in home ownership is a worry especially amongst young people. http://snip.ly/o8cd1 Figures in the recent Household, Income and Labour Dynamics in Australia (HILDA) survey revealed a steep drop in home ownership amongst people under 40 from almost 36 per cent in 2001 to just 25 per cent in 2015. Dr Greg Schwann, Associate Professor of Finance