I think we are heading for two economic zones in Aus, the boundary will be somewhere in the Nullabor.
The west will continue to zoom ahead, the east unfortunately is entering a period of uncertainty.
There is a degree of mortgage discomfort, the reality is that mum's the word - can't let this news out.
Those invstors that are geared at Lv's less than 65% in solid rental areas will survive.
I have been involved with property due diligence for 40 years, in that time I have been abused twice by borrowers, the most recent last week and the earlier in 1990 - sign of the times.
OAW
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