Property Market Bubble to Pop

Finally the Sydney and Melbourne property market bubble is coming to an end. Investors and new homeowners who over extended themselves are to get hit the hardest.

As US increases the interest rate, the follow on effect is going to see a lot of mortgagee sales and repo sales.

The money owed to the banks is in the trillion

Banks to get hit the hardest CBA obviously as they have had very relaxed rules on their home loan lending as well as NAB

House prices crumble next headline in tomorrows paper

dyor.....