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Your house is safe, RBA says

Discussion in 'Real Estate' started by Simon Hampel, 31st Mar, 2009.

  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Australian house prices secure, Reserve Bank says

     
  2. Chomp

    Chomp Well-Known Member

    Joined:
    12th Jul, 2007
    Posts:
    61
    Location:
    wa
    Because of the Quality of Loans?

    People may have been able to afford the mortgage when they had a job but with so many lay offs lately and more to come I don't think the quality of the loan will be worth the paper its printed on.