Rising Interest Rates in Australian Market May Create More Defaulters


“According to a global rating agency, the number of Australians who are not capable of paying their mortgage repayment on time hits a record high. Fitch Ratings, a global rating agency says the number of Australian borrowers falling behind on repayment by 30 or more days climbed from 1.4% to 1.79%.

Real estate investment companies have been taking the blow of the rising interest rates and according to the agency one of  the reason for the significant Queensland floods and other natural disasters and increasing interest rates will worsen the situations.

Rating agency is still positive as the market is not as bad as Europe and US. First quarter of the year was tight for borrowers due to significant expense during Christmas and holidays. Cyclone Yasi, Queensland and Victorian floods worsened the situation a lot.

In a recent message to the public, Ric Battellino the deputy governor of the Reserve Bank of Australia said that borrowers were resilient and arrears rates were low as compared to international market. He added that Australians are now more cautious at borrowing than in the past 15 years when households became increasingly in debt.

He also said households are now borrowing at a slower rate and saving more but there was a raising concern that some of these at least may had over committed themselves financially in order to enter the market and are now vulnerable to rising interest rates.

The Reserve Bank is expected to lift interest rates again before the end of the year.

To Learn More Join Us At Fast Property Training

Where You Will Get Instant Access To:

  • A private closed forum, where you can chat and train with me on my ground breaking, positive cash flow property strategies!
  • You can ask me how to put your property transactions together!
  • Participate in private monthly online training hosted by me!
  • Access training webinars, teleseminars and videos that previously only a select group of my mentoring students have received!

OVER 300 MEMBERS

Click Here to get instant access.”

Posted in Blog | No Comments »



Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Time limit is exhausted. Please reload CAPTCHA.

Senior Editor:
Arthur Berkowitz

“Probiotics are live bacteria and yeasts that are called "the good" microorganisms because they benefit the body, specifically the digestive system.”

2018’s Top Probiotic
#1
Probitrinol 18-shake Probitrinol
Customer Rating:


Expert Rating:4.9/5
  • Natural Ingredients
  • 18 Different Strains
  • 30 million CFUs
  • Good Price ($39.99*)
  • Made in the USA
#2
Probac-7 18-shake Probac-7
Customer Rating:


Expert Rating:4.3/5
  • Natural Ingredients
  • Good Formula
  • Not affordable ($98.93*)
#3
Dr. Ohhira Pro 18-shake Dr. Ohhira Pro
Customer Rating:


Expert Rating:4.3/5
  • Natural Ingredients
  • 12 Different Strains
  • Not affordable ($91.50*)