Travel Newswire Press Release Distribution Services
Travel News & Press Release Distribution Services
About Us | Contact Us

 

 
Home | Travel News | Submit Press Release | Submit Travel RSS Feed
Unlimited Press Release Distribution
Press release distribution service

Travel News Media

ABC Travel News
Asia Travel Tips
AllAfrica
BBC Travel
Breaking Travel News
Business Travel News
Frugal Travel
Luxury Travel Magazine
U.S. Travel News
Submit press release to this complete Travel media list.

View my Flipboard Magazine.
Travel News Releases


Experts term Australian housing market remains stable reports SellAHouseQuick.com.au

(I-TravelNewswire.Com, October 17, 2012 ) San Francisco, CA- Despite high housing prices, Australia’s property market is not a bubble waiting to burst, one analyst says.



David Bassanese of The Australian Financial Review also offers some reassurances about the nation’s leading banks.



Housing prices might be high, but they are not overvalued to such a degree that would lead to a price collapse, Bassanese writes. And although banks might be affected by real estate losses, the sector is stable enough to weather such as storm.



Australian home prices relative to income are not unusual when viewed in an international perspective, and Australia’s urban lifestyle has led to big land premiums. The largest chunk of household debt is held by people with good income, and mortgage strain is limited.



In fact, Bassanese forecasts a 10% to 15% increase in housing prices across the nation over the next year if the Reserve Bank of Australia reduces interest rates.



And if the property market did plunge, Australia’s biggest banks likely would be able to absorb a 30% drop in prices without having to raise significant capital, Bassanese writes. A recent report by Moody’s found that the big banks had healthy amounts of capital and that their loan books contained high credit quality.



If housing prices did fall 30%, only 1.4% of major bank home loans would be write-offs, according to Moody’s.



The Australian Prudential Regulation Authority’s outlook is similar to Moody’s. According to the authority, a 25% to 30% drop in the housing market would cut the tier 1 capital ratio of the biggest banks by only 3.1 percentage points.



Local banks maintain about 10% of assets in safe “tier 1” capital – that’s much more than the 4% required.



About SellAHouseQuick.com.au:



SellAHouseQuick.com.au (http://www.SellaHouseQuick.com.au) is a resource for sellers and those looking for private house sales. Visitors can learn about private sales, home values and how to sell quickly. Readers can find out how to get the full market value for their properties at SellAHouseQuick.com.au as we buy houses.

Sell A House Quick

Jack Tanks

8174334233

contact@SellaHouseQuick.com

Source: EmailWire.Com


Travel News by Sector
  • Airlines
  • Car Rental
  • Cruises
  • Destinations
  • Flights
  • Hotels
  • Rail
  • Travel Agents
  • Technology
  • Tour Operators
  • 
    	
    	
    
    
    
    
    
    
    
    Travel RSS Marketpalce

    Free Meeting & Travel Magazines
    Get free travel publications including magazines, white papers and downloads on meetings, trade shows, business travel.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed also displayed on a full page and updated daily. Add RSS feed Now!


    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    i-TravelNewsWire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.


    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    i-TravelNewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC