Much ado about nothing - negative equity no concern
Reading the papers this week, you may be concerned that a nail has been hammered into a coffin containing the Great Australian Dream of home ownership. Property market commentators, in their analysis of the (as yet unknown) impact of recent interest rate rises, are painting a disturbing picture. Combined with sluggish house prices and debt levels, the latest fear is that increasing numbers of homeowners are now facing the prospect of negative equity - your mortgage being higher than any equity you have built up in your property since you purchased it.
26 Sep, 2006