Mortgage arrears at five-year high: Moody’s

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  

Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

Property developers need to start thinking outside the box to differentiate their product from the competition! http://snip.ly/y76el Canberrans living in apartment blocks could soon save on their power bills by bulk-buying electricity. Source: Draft bill to allow Canberra building owners to bulk-buy power to sell to tenants

Home Truths – Four Corners – YouTube

Monday 2 May 2016 On the eve of the Federal Budget, Four Corners reports on the white hot issues of housing affordability and negative gearing and the generation left wondering if they will ever own their own home. Today, properties with that sort of asking price are commonplace, even in the urban fringes, with little infrastructure and lengthy commute times. In Melbourne, the median house price is $700 thousand dollars, around 10 times the average wage.