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Mortgage relief deal prompts property bubble warning

Discussion in 'Loans & Mortgage Brokers' started by Simon Hampel, 8th Apr, 2009.

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AM - Mortgage relief deal prompts property bubble warning

The agreement between the big four banks and the Government to provide mortgage relief to people who lose their jobs is designed to engender confidence among home owners.

Creating a greater sense of security is one of the main aims of the deal as the Government tries to get consumers spending again.

But some analysts warn that any new found confidence among first home buyers could further inflate the property bubble at the lower end of the market.
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[audio]http://mpegmedia.abc.net.au/news/audio/am/200904/20090406-am-5-bank-aid.mp3[/audio]

Last edited by a moderator: 17th Sep, 2016

Simon Hampel, 8th Apr, 2009

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