Negative equity persists despite record price increases
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Tens of thousands of property owners face the risk of a credit crunch as they struggle to hold properties that are worth less than their loan, despite the recent record-breaking rise in house prices in Sydney and other capitals.
The most exposed are property owners in inner-city Sydney and Parramatta, areas dominated by high-rise apartments.
More than one in six households in Sydney city and inner south are holding an apartment worth less than the mortgage balance.Â
Louise Kennerley
More than one in six households (18.2 per cent) in the city and inner south are underwater or in negative equity, analysis by Digital Finance Analytics shows. This means that out of 30,076 mortgaged properties, 5414 apartments and 48 houses were valued lower than the current loan amount as of March 9, 2021.
The former Aussie school girl is redefining conversations about consent at school. - by Girlfriend 09 Mar 2021
Whether you watch the news with your parents or merely keep up to date on TikTok and Instagram, you’d be hard-pressed not to have seen the name “Chanel Contos” come up in your feed in the last few weeks.
WATCH: Chanel Contos gives an important message this International Women’s Day.
But, who is the girl who is literally making headlines and having convos with school principals? Keep reading to find out.
Who is Chanel Contos?
Chanel Contos is a former student of Kambala girls in Sydney and a UNSW tutor residing in London, England. More importantly, however, she’s the creator of Teach Us Consent movement and inspired a national conversation in Australia around consent and the lack of education on the topic in schools.
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“A critic is entitled to dip his pen in gall for the purpose of legitimate criticism,” NSW’s ninth Chief Justice, Sir Frederick Jordan, opined in a 1940s defamation case involving an unflattering newspaper review of an obscure detective novel.
“No one need be mealy-mouthed in denouncing what he regards as twaddle, daub or discord.”
Regrettably, “twaddle” and “daub” – the latter connoting fakery – have fallen out of modern usage. But Sir Frederick’s observation echoes through decades of Australian defamation cases involving opinions, from cartoons and culinary reviews to gossip columns and
Media Watch broadcasts.
Businesswoman Elaine Stead, right, won her defamation action against The Australian Financial Review and its columnist Joe Aston, left.
Art in the plague year: when a painting is like a new sofa
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In March last year a friend in Bangladesh forwarded a news item that said Australia’s borders would be closed until September. “Is it true!!!!” he exclaimed. I was sceptical and replied that neither the economy nor people’s limits of endurance would allow the closures to last that long. I thought we’d be flying again within a few months.
It’s in such moments you discover you’re really an optimist. One month into 2021 and the international borders are just as firmly closed as they were at the end of March, maybe more so. The most dire predictions don’t see us travelling internationally until next year. More than 30,000 Australians can’t even get a flight home.
Жители Сиднея нашли на пляже живые пластиковые бутылки (фото) news.mail.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.mail.ru Daily Mail and Mail on Sunday newspapers.