Daily Archives: 19/01/2012

Negative equity a problem for 5% of property owners

Based on information provided by RP Data, as of the end of the September quarter 2011, almost 5% of property owners in Australia are sitting on negative equity – ie. they owe more on their home loans than their property is worth. If property prices continue to slide this problem will become more serious – mirroring the events in the ...

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