Some key points for me;
1. Number of Gold Coast mortgages in 'trouble' in Qld.
2. Number of Rockingham/Kwinana mortgages in 'trouble' in WA.
3. Mortgage pressure most prevalent in NSW.
4. Pressure greatest in outlying areas where equity levels are at their lowest.
5. South Australia – wow!Quote:Overall, mining accounts for just 1.8% of employment in AustraliaSays a lot that stat.
Jack
mining may only account for that small amount, but support industry is extensive… everything from train and truck transportation of mined materials, construction and maintenance of mining infrastructure and facilities, ports operation, catering and camp housing, recruitment, training, manufacturing of replacement parts, yada yada yada… stats can be misleading.
That said, is mining alone enough to hold up the whole economy? I think not.
Coal is the new sheep! This time with added tax, which should just about keep the gubbermint going…
This is a very common problem
Prices of homes or shares will always go up and downs that’s not the problem
The problem is that there is alot of people who have to much debt
Most people have a high home mortgage
lease or finance on a car
Credit card
Personal loans
And the more people earn the more they borrowAnd then once some thing changes in there enviroment they panic
I think people should look at there personal sisuation and say why this is happening know!!
I got a pay rise from my work and business has picked up rather then spending more we are still looking at ways to cut our expenses
Jpcashflow | JP Financial Group
http://www.jpfinancialgroup.com.au
Email Me | Phone MeYour first port of call in finance :)
You must be logged in to reply to this topic. If you don't have an account, you can register here.
