3 - Housing Crisis in Australia
The Red Line
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Home Loans - What Are the Implications of the Royal Commission?
Our vacancy rate is under three %, but the amount of houses that use less than 50 leaters of water is far higher than that. What we've potentially got here is what they call a lock market. And that starts to move the rents up, which then becomes a motivater for people to exit rental and accept gage, or get to a mortgage. Unfortunately, again, credit is being choked as a result of the implications of the royal commission,. The homelo commission really, in my view, is punished consumers of credit for the house ind credit becausethe challenge for them is to survive dit assessment.
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