so no auctions in Melb agains this week....due to another AFL grand final...as was last week...Melbournians are all sitting at home watching the footy...or so it would seem...it was eerily quiet here last Sat arvo
look at this piece...36% of aussies have NO DEBT and this.... The average home loan hit a new record of $296,700 in Victoria in July, according to the Australian Bureau of Statistics. To put that in perspective, that is $37,000 more than last year, and $51,000 more than in 2008.
and house prices grew 26% to $559 k's....so on the face of it....median loans versus median prices....they are borrowing just over 50%....does not sound like a problem to me..... http://theage.domain.com.au/real-estate-news/ownership-prospects-teetering-20100927-15t17.html
