Aussie Construction will bounce back
Australian homeowners are now paying $446 more on home loans compared to a year ago, Mr. Airey said.
Oh dear, another country of entirely adjustable rate mortgages. I know, Americans are wimps, but we have easy total cost of ownership calculations. What can I say. I hear that ratcheting of the roller coaster as it tops the big hill . . .
Fitch is going to stress test the Aussie banks. I'll be on the lookout for the results of that.