Friday, March 30, 2012
Thursday, March 29, 2012
RP DATA Mortgage Stress for your information only
Mortgage stress…What mortgage stress? Posted: 29 Mar 2012 05:27 PM PDT For most people, the Reserve Bank of Australia’s bi-annual Financial Stability Review is a tough read. For anyone interested in the housing market however, the section on household balance sheets (pages 41 to 46) is essential reading. Of particular interest is the analysis on mortgage arrears across Australia and the comparisons with other countries. The percentage of mortgages more than 90 days in arrears are a reasonable barometer of household mortgage stress; or what seems to be in the case of Australia, a lack thereof. Across the entire pool of mortgages nationally the report (based on data from the Australian Prudential Regulation Authority) shows that slightly less than 0.6% of housing loans are 90 days or more overdue. As the graph shows, the level of mortgage arrears has been trending upwards since 2003 and has recently shown an improvement, falling from 0.7% in mid 2011. International comparisons put this measure into perspective. The percentage of non-performing loans are the highest in the UK at just below 7% (and the upwards trend is continuing), while the percentage in the Euro area is approaching 6% and the US shows an improving trend with non-performing loans now around the 5% mark. From state to state it can be seen the trends are somewhat different however, it should be noted that these figures are based on securitised mortgages only and they represent around 10% of all mortgages. Based on these figures, the resource rich states of Western Australia and Queensland are showing the highest rates of mortgage arrears. According to the RBA this is likely due to loans which originated between 2006 and 2008 “towards the end of the period of rapid housing price growth in those states which was followed by falls in prices”. It can be seen from the applications for property possession which are a leading indicator for loan defaults, that each of the states is likely to show an improvement in arrears rates going forward. It’s clear from the graph below which shows the regions with the highest housing loan arrears rates that most of the repayment pain in concentrated across the mortgage belts and areas with higher rates of unemployment. Even these regions aren’t showing an arrears rate above 1%. Overall, the findings show that the vast majority of Australians are responsibly paying down their debt. In fact, based on the most recent Household, Income and Labour Dynamics in Australia (HILDA) Survey, the RBA Review highlights that “many borrowers are repaying substantially more than required” based on their mortgage contracts. Additionally, the RBA Review suggests that the rate at which borrowers were making excess repayments on their mortgages increased over 2011. The RBA also suggests that the reduction in lending rates in 2011 coupled with the fact that most borrowers don’t change their regular repayment amounts when interest rates fall provides an additional buffer to offset any potential future setbacks to their income. The latest Financial Stability Review provides an endorsement to stability and resilience of the Australian housing market. If arrears rates were surging, as they did in the US, UK and Euro area there would certainly be some alarm bells ringing. In fact, the opposite is true and the leading indicators are suggesting arrears rates are likely to improve over the year.  |
Best regards,
Linda and Carlos Debello
http://www.ljgrealestate.com.au
http://twitter.com/GillandDebello
http://au.linkedin.com/in/lindajanedebello
http://gillandrealestate.wordpress.com/
http://www.facebook.com/pages/LJ-Gilland-Real-Estate-Pty-Ltd/169194919788253
Confidential email:- The information in this message is intended for the recipient name on this email. If you are not the recipient please do not read, copy distribute or act upon the message as the information it contains may be privileged. If you have received this message in error, please notify the writer by return email. Thank you very much for your assistance in this matter and your co-operation.
penelope
Linda and Carlos Debello
http://www.ljgrealestate.com.au
http://twitter.com/GillandDebello
http://au.linkedin.com/in/lindajanedebello
http://gillandrealestate.wordpress.com/
http://www.facebook.com/pages/LJ-Gilland-Real-Estate-Pty-Ltd/169194919788253
Confidential email:- The information in this message is intended for the
recipient name on this email. If you are not the recipient please do not
read, copy distribute or act upon the message as the information it contains
may be privileged. If you have received this message in error, please
notify the writer by return email. Thank you very much for your assistance
in this matter and your co-operation.
Wednesday, March 28, 2012
[Linda] Queensland - Paradise Point tops the 43 worst-performing Gold Coast localities in 2011
Subject: [Linda] Queensland - Paradise Point tops the 43 worst-performing Gold Coast localities in 2011
Queensland - Paradise Point tops the 43 worst-performing Gold Coast localities in 2011
Tuesday, March 27, 2012
CoreNet Global Leader Issue March-April 2012 > Corporate Real Estate
From: Linda-Jane Debello [mailto:linda.debello@gmail.com]
Sent: Wednesday, 28 March 2012 10:29 AM
To: Linda-Jane Debello
Subject: CoreNet Global Leader Issue March-April 2012 » Corporate Real Estate
[ljgillandrealestate] Maxine and her cartoonist
After these Maxine jokes there is a summary on how she was created and a photo of her creator. Following that, there is more humor from the gal everyone loves and admires. Don't miss the very last one... towel heads!
The creator Maxine is a man! How cool that that a man has such insight into women and this kind of humor.
<;; ;
John Wagner, Hallmark artist since 1970, says Maxine was inspired by his mother, his maiden aunts and his grandmother, the woman who bought him art lessons when 'fill in the pumpkins' was about the extent of his art classes at St. John's Catholic School Leonia N.J. John remembers doodling as a preschooler and says both his grandmother and his mother encouraged his artistic interests. He eventually attended the Vesper George School of Art in Boston and landed at Hallmark as part of a new artists group. But it was the birth of the humorous Shoe box Greetings (a tiny little division of Hallmark) in 1986 that added a new dimension to John's professional life. The Shoebox way of seeing the world unleashed his talents and created Maxine.
'Cartoonists are sensitive to the insanities of the world; we just try to humanize them,' John says. 'If Maxine can get a laugh out of someone who feels lonely or someone who is getting older and hates the thought of another birthday, or if she can make someone chuckle about stressful interpersonal relationships, then I'm happy. Putting a smile on someone's face is what it's all about.'
Why the name 'Maxine'? 'People at Shoebox started referring to the character as 'John Wagner's old lady,' and I knew that would get me into trouble with my wife,' John says. The Shoebox team had a contest among themselves to name the character and three of the approximately 30 entries suggested 'Maxine.' John says the name is perfect.
John, who says he's humbled by such acceptance of Maxine, admits he's proud of her.
Now you know the story of how Maxine came to be.
SOME NEW MAXINES !
I haven't seen these before. Good ones.
Do you think???
No virus found in this message.
Checked by AVG - www.avg.com
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|
Maxine and her cartoonist
After these Maxine jokes there is a summary on how she was created and a photo of her creator. Following that, there is more humor from the gal everyone loves and admires. Don't miss the very last one... towel heads!
The creator Maxine is a man! How cool that that a man has such insight into women and this kind of humor.<;; ;
John Wagner, Hallmark artist since 1970, says Maxine was inspired by his mother, his maiden aunts and his grandmother, the woman who bought him art lessons when 'fill in the pumpkins' was about the extent of his art classes at St. John's Catholic School Leonia N.J. John remembers doodling as a preschooler and says both his grandmother and his mother encouraged his artistic interests. He eventually attended the Vesper George School of Art in Boston and landed at Hallmark as part of a new artists group. But it was the birth of the humorous Shoe box Greetings (a tiny little division of Hallmark) in 1986 that added a new dimension to John's professional life. The Shoebox way of seeing the world unleashed his talents and created Maxine.
'Cartoonists are sensitive to the insanities of the world; we just try to humanize them,' John says. 'If Maxine can get a laugh out of someone who feels lonely or someone who is getting older and hates the thought of another birthday, or if she can make someone chuckle about stressful interpersonal relationships, then I'm happy. Putting a smile on someone's face is what it's all about.'
Why the name 'Maxine'? 'People at Shoebox started referring to the character as 'John Wagner's old lady,' and I knew that would get me into trouble with my wife,' John says. The Shoebox team had a contest among themselves to name the character and three of the approximately 30 entries suggested 'Maxine.' John says the name is perfect.
John, who says he's humbled by such acceptance of Maxine, admits he's proud of her.
Now you know the story of how Maxine came to be.
SOME NEW MAXINES !
I haven't seen these before. Good ones.
Do you think???
No virus found in this message.
Checked by AVG - www.avg.com
Version: 2012.0.1913 / Virus Database: 2114/4887 - Release Date: 03/22/12
=======
Email scanned by PC Tools - No viruses or spyware found.
(Email Guard: 7.0.0.21, Virus/Spyware Database: 6.19520)
http://www.pctools.com
=======