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newbie11
07-01-13, 09:54
AU properties valuation are dropping. Customers have to top up. Heard 10% for some cases.
roly8
07-01-13, 09:57
any idea why this happen?

and got news report on this? :o
phantom_opera
07-01-13, 10:01
14y without recession u decide
indomie
07-01-13, 10:11
Aussie interest rate is more likely to get lower. That's a good news for me.
roly8
07-01-13, 10:14
Aussie interest rate is more likely to get lower. That's a good news for me.

bro, care to share what factor caused aussie interest rate to get lower?

:o
DC33_2008
07-01-13, 10:17
Value of UK properties are dropping together with British Pounds too. :D
roly8
07-01-13, 10:25
wa! all this coming after mr chestnut is say finish doing his 'NS' here..
omg ..:o
indomie
07-01-13, 10:40
bro, care to share what factor caused aussie interest rate to get lower?

:o
When there are weak demand for housing, the price drops of course. Aussie home loan interest rate that is hovering around 6% is too high. Given that mining boom is looming right now, many mining towns having their property valuation drops. However cbd areas that is less reliance on mining still doing fine. I expect aud to lose value against USD and SGD along with lower interest rates this year.
roly8
07-01-13, 10:50
wow! 6% interest! :o
Ringo33
07-01-13, 10:57
any idea why this happen?

and got news report on this? :o

mining boom is over.
roly8
07-01-13, 11:58
how long will their coal biz last?
:o
TOP
07-01-13, 16:22
AU properties valuation are dropping. Customers have to top up. Heard 10% for some cases.

I dont think OZ properties drop. In fact still holding well and rental yield still strong.

One common reason for those who have to top up are probably taking other currencies loan to finance their OZ properties when exchange rates were in their favour. Now that the A$ drop i.e. the valuation of their properties drop against the borrowed currencies, the bank will call for topping up.
proud owner
08-01-13, 01:40
For a moment,

I was thinking really hard


What's Gold property?



After reading on , then I realized you are talking about Australia


Aud is aust dollar
AU is Gold
AG is silver

OZ or Ozzy is a better abbreviation for Australia




AU properties valuation are dropping. Customers have to top up. Heard 10% for some cases.