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Australian Real Estate Bubble?

Is Australia approaching the bursting point of a housing bubble? Some argue that it isn't, however how can anyone really know for sure given that nearly all of the indicators of every bubble are different? Below is graph comparing Australian house prices, household income, rents, and construction costs between 1986 and into 2014 using an index set in the second quarter of 1986. Unfortunately I don't have a crystal ball in front of me, so I'll let you be the judge on whether Australia's real estate market will end up much like that of the USA's during the global financial crisis in 2008, of which had a serious impact on the country's financial system. This eventually lead the to the downfall

Reverse Mortgages: Defining Characteristics

Reverse Mortgage loans have three defining characteristics: No mandatory payments are required until a trigger event occurs. Trigger events can include death of the owner/s, sale of the property, the last borrower vacating the property, or breach of certain clauses of the contract. There is generally no set or fixed term. These loans continue until the last surviving borrower dies or a trigger event occurs. Interest is charged and compounded over the life of the loan. Under the Responsible Lending principles of the National Consumer Credit Protection Act, qualifying applicants can borrow up to specified margins against the security of their primary residence. In some cases these loans may be