property markt in crisis, page-84

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