our population is growing ..currently 24m
Australian cities have a housing shortages ..
interest rates are so low at 4% fixed
4% 5year... fixed ..interest only ....Mortgage loan is ....Cheaper than RENT ....of the same Home.
so most people Either pay Interest to Banks happily..as well as picking up a 5% Capital gain pa
..or they can pay a 3% to 5 % Increasing RENT fee pa ...to Live in an OZ Home .
Banks Demand 10 to 20% Equity input from Borrower to Buy any home = 20% Buffer for Banks
we have a Fine Balance between Home shortages V demand for accommodation
Rental Costs on $1m homes V Interest rates cost on $1m homes are Favorable to Banks and Owners.
Banks are Safe in OZ from... any deterioration in Home Loan Mortgages in Cities .
..as the AUD falls Under 70c Mining activity will recover from lows
the Mining towns Activity and Valuations will Revive with ..a revival in Gold mining and a IO price recovery in the WA region ...backed by a Lithium Boom taking place in WA soon.
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Last
$132.34 |
Change
0.680(0.52%) |
Mkt cap ! $221.8B |
Open | High | Low | Value | Volume |
$132.75 | $133.30 | $132.20 | $79.59M | 600.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $132.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$132.37 | 224 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 67 | 132.340 |
4 | 199 | 132.330 |
2 | 25 | 132.320 |
2 | 45 | 132.310 |
4 | 217 | 132.300 |
Price($) | Vol. | No. |
---|---|---|
132.360 | 208 | 6 |
132.370 | 161 | 7 |
132.380 | 144 | 5 |
132.390 | 244 | 6 |
132.400 | 306 | 8 |
Last trade - 13.06pm 15/07/2024 (20 minute delay) ? |
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