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Sorry for late reply. No I don't know what you mean Sash. I cant find any data that shows an increase in arrears in 2006...I have looked. There was noticeable uptick in non performing loans in the GFC and has been trending down ever since it peaked in 2008 -2009...

Um of course they will have issues if they lose their jobs! Rates going up is a secondary concern that can be mitigated with fixed rates. Unemployment and life events such as divorce, having an unexpected baby or getting sick are the biggest causes of serious loan default. Most people live...

Sorry Sash but not the way the resi market works IMO. There will be a clear turning point which will be evident to those who follow the market then 6 months to get out then followed by media reports of a bad property market about 6 months after that which will come as a shock to the general...

Sydney median auction result yesterday $1.1 with 85% clearance rate and good volume. Getting silly when an average house in ryde sells for $1.6

Nice post Richard. I think it will get there now. I follow the Sydney APM auction median price results religiously each week and it really seems to be closely correlated with the official median house price data with a bit of a time lag and it has been regularly hitting $900K +. It got to the...