Australian household debt has hit a record 177 per cent of annual disposable income while housing valuations are "flashing red", according to Barclay's chief economist, Kieran Davies.
http://www.theage.com.au/business/the-economy/australias-house-prices-flashing-red-debt-to-income-ratio-at-record-levels-20140404-362bz.html
Auction clearance rates in Melbourne down for this record recent weekend to 65.9 per cent. There were a total of 1172 auctions on the weekend of 29-30 March 2014.
http://www.theage.com.au/business/heat-off-as-abundance-of-stock-reduces-clearance-rate-20140330-35rp6.html
http://www.theage.com.au/business/the-economy/australias-house-prices-flashing-red-debt-to-income-ratio-at-record-levels-20140404-362bz.html
Auction clearance rates in Melbourne down for this record recent weekend to 65.9 per cent. There were a total of 1172 auctions on the weekend of 29-30 March 2014.
http://www.theage.com.au/business/heat-off-as-abundance-of-stock-reduces-clearance-rate-20140330-35rp6.html
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