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
$131.66 |
Change
1.740(1.34%) |
Mkt cap ! $220.3B |
Open | High | Low | Value | Volume |
$130.80 | $131.84 | $129.89 | $256.3M | 1.965M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 601 | $131.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.66 | 712 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 101 | 131.400 |
2 | 260 | 131.200 |
1 | 10 | 131.000 |
2 | 803 | 130.600 |
1 | 500 | 130.570 |
Price($) | Vol. | No. |
---|---|---|
131.660 | 712 | 1 |
131.700 | 665 | 2 |
131.720 | 500 | 1 |
131.730 | 1838 | 1 |
131.760 | 110 | 1 |
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