The global economy greatly affects the prices of homes in Australia, and the number of bank repossessions increases every time the global economy suffers. While some lenders are more lenient with homeowners who have a history of paying their house payment on time and being long-term customers, the rate of bank repossessions still rises when [...]
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Australian Housing Shortage As more people flock to Australia for retirement or to purchase second homes, the supply of new housing is short to meet the demand. Also increasing the need for new housing is the expected surge in Australia’s population. The main problem with the housing shortage is that house values will rise, as [...]
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There has been much talk recently about the price of housing in Australia – most of it about the perception that prices on homes are too high. But just as in other commodities, values are based on that old concept of supply and demand. This is a far different explanation from those who might deem [...]
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