|
|
Home >
Overseas Property News
|
Australia property bubble could swell
Country: Australia
8 April 2009 Experts are warning that the government's mortgage relief scheme may further inflate the property bubble at the lower end of the market, because a growing number of owners of property in Australia are struggling to keep up with their mortgage payments. The government is trying to instil fresh confidence and get consumers spending again, despite the fact that Australia is not yet officially in recession. However, data shows that a growing number of people are struggling to pay the mortgage, as unemployment levels continue to rise. Some of the larger banks in Australia have vowed to work with people who lose their jobs, by offering repayment holidays of up to 12 months. But Aussie Home Loans chairman John Symond says that despite government efforts to help, more people will still fail to prevent their homes being repossessed. Mr Symond comments: “Whatever the government agreement is with the big banks, I think in those cases [customers who are in severe negative equity], there may well be problems for the borrower.”
See Also: Australia
Some properties in Australia
|
|
|
|
Price: £194,000
|
Type: Land
|
|
|
|
Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £207,900
|
Type: House
|
Bedrooms: 4
|
|
|
New House and land packages, in the new growth coridor.
600sm 4 bedrooms and 3 baths, lock up garage. Tired of the old houseing style of old Europe. Everything is new, new, new
in Caboolture. Low rates, and maintance
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £214,200
|
Type: Apartment
|
Bedrooms: 2
|
|
|
Ocean frontage, 2 bed, 2 bath. 90sm. Near new in well kept resort. 70% Occupany all year around. Low season tariff 145
per day rental. Low body corp in resort area in Sunshine Coast. Great for holidays or retirement apartment
|
|
View details | Enquire further
|
|
|
|
|
|
|
|
Price: £287,500
|
Type: House
|
Bedrooms: 1/2
|
|
|
Featherbrook at Point Cook – only 25 mins from Melbourne Central Business District
With its vast open spaces and specially designed recreational areas, Featherbrook, Point Cook offers residents the very best in lifestyle options.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: s £367,000
|
Type: Apartment
|
Bedrooms: 1,2,3
|
|
|
Description - Mainpoint - Melbourne’s newest land mark residential tower is a fantastic opportunity to secure your future.
|
|
View details | Enquire further
|
|
|
|
|
|
|
|
