I read over the weekend that Auburn has topped the ranks this year for the highest number of mortgagee repossession's. I wonder how much of a discount the banks are prepared to accept?
(Not that I want to live in Auburn anyway).
Monday, 24 September 2007
The housing market
Is the housing construction market turning down? Judging by the number of demolitions in our suburb, I am not so sure. I have walked, cycled or driven past 5 or so newly flattened sites in the last few weeks, and there are plenty of other sites nearby where workmen are busy adding extensions or doing an almost total rebuild on an old cottage.
I read over the weekend that Auburn has topped the ranks this year for the highest number of mortgagee repossession's. I wonder how much of a discount the banks are prepared to accept?
(Not that I want to live in Auburn anyway).
I read over the weekend that Auburn has topped the ranks this year for the highest number of mortgagee repossession's. I wonder how much of a discount the banks are prepared to accept?
(Not that I want to live in Auburn anyway).
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