Posted by admin | Posted in Economy, Real Estate | Posted on 05-06-2010
I have just come across the news today (05 June 2010) that ING Direct is going to offer no fixed term interest only home loans. And this should be great news for all those who cannot afford to by their own home. Or maybe it is not such a great news after all.
Another article has just revealed that US hedge funds have been offloading their Australian bank shares because they think the Australian property market will take a dive. Of course, the RBA tries to convince us that there is no property bubble, but if you consider the following chart that shows the REAL house price index, you will wonder what the RBA is talking about. Read the rest of this entry »
