Australia’s ‘mortgage time bomb’ set to explode

Property market is a time-bomb set to explode THE Australian property markets is the last bubble left in the wake of the financial crisis, and it is only a matter of time before they crash, warns legendary US investor and co-founder of global investment management firm gmo, Jeremy Grantham.

A grim report prepared by the Deputy Prime-Minister of the Government of the Russian Federation, and current Finance Minister, Alexei Kudrin, for President Medvedev is warning today that the Global banking system is nearing an "Economic Armageddon" as the Australian governments "debt bomb" is "set to explode" and plunge our World into a depression "no one living has ever seen the.

Another warned that abuse by priests was a “time bomb” set to explode in Asia, where few scandals have yet. Archbishop Mark Coleridge of Brisbane, Australia, revealed some prelates from Africa and.

Australia’s ‘mortgage time bomb’ is set to explode in 2019 Australia’s major banks

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Almost one million middle-income Australian households are facing a mortgage time bomb as soaring living costs plunge families into repayment stress. A new analysis by Digital Finance Analytics (DFA) has shown that the number of households currently in mortgage distress has risen by 20 percent in the last six months to 910,000.

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Australia’s interest-only mortgage time bomb set to blow. By Unconventional Economist in. Analysis by UBS suggested that Australia could see the potential expiry of IO loans in coming years.

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The ‘mortgage time bomb’ set to explode Large amounts of household debt, falling house prices and unemployment rates mean an increasing number of Australians are falling behind on their mortgage.

Wisden india editor anand vasu agreed, describing the situation as a “time bomb ticking away. PLAY looks set to resume soon at the MCG, creating a testing situation for Steve Smith in his second.

The lender offered you a "teaser" rate that is guaranteed to go up after two or three years, causing your mortgage payments to "explode" at that point. Your mortgage may have given you an option to pick a lower payment for a time, but when the option period ends, a much higher payment is then required.