Negative equity on the rise as house prices fall | 7.30

Описание к видео Negative equity on the rise as house prices fall | 7.30

The Reserve Bank has warned that almost 3 per cent of home loans are in negative equity — meaning the purchased property is worth less now than when it was bought. And some economists are concerned the rate of "underwater loans" is actually higher. But what will the flow-on effect be for the rest of the economy?

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