60 minutes - mortgage stress, page-4

Was very interesting..

Especially the part on the Gold Coast..

I live here, and work as a supplier in the paint industry, mostly commercial and highrises..

The amount of empty units is beyond belief...

The local paper "gold coast bulletin" keeps talking up property, "now is the time to buy"..

Prices are tumbling at a serious rate..

We provided the paint for southport central in 2008, units were being flogged for the mid to high 400s, now they cant sell for high 200s...