THE latest data from the Australian Bureau of Statistics shows a worrying trend for apartment developers with commencement of new product down almost 13 per cent in the last 12 months. The downward trend for apartment starts and sales comes as Queensland makes history by becoming the worst state for mortgage defaults. Two per cent of Queensland mortgage holders are in arrears, according to Fitch Ratings – with Logan city rated the worst district in Australia for ‘mortgage delinquency’.
"Apartment Starts and Sales Drop"
1 Comment -
Real estate is like a stock market. It fluctuates. Sometimes it goes high & sometimes downfalls. But it is the best source of money investment.
lakefront real estate
June 21, 2011 at 8:41 PM