Kingy According to this article back in March it was 3.5% in...

  1. 526 Posts.
    Kingy

    According to this article back in March it was 3.5% in Melbourne with negative equity.

    http://www.smh.com.au/business/homes-with-negative-equity-on-the-increase-20120320-1vhe3.html

    And likely the proportion has increased since then based on the recent data:

    http://www.rpdata.com/research/back_series.html


    Even those that took out mortgages with sensible LVR's will be at risk of having negative equity if price falls continue at this pace:
 
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