It’s interesting how the “housing boom” is now referred to as the “housing affordibility crisis”.
Rents around the country, but particularly in Canberra, have soared driven by demand and the increase in property prices. I feel for anyone looking to buy or rent, but as a home owner I feel secure that this is good news for me.
If you don’t think you can afford your own home, you can still get a loan from this mortgage broker. He secured a $400,000 loan for an unemployed teenager. No wonder default rates are so high.