AUSTRALIA will face ''significantly'' bleaker economic prospects when the resources boom ends unless it reverses a damaging slump in productivity, a new. ... in the form of higher consumer borrowing costs. All that cheap mortgage money that has allowed real estate bubbles to form in Vancouver, Calgary and Toronto will dry up. Those who have bought at the peak of the market with 5% down and 35 year amortization will find themselves under water with no buyers and no equity. ... Property Queensland Gold Coast Property

Original article: Australia's economy coming to grinding halt: report | The Coming ... by at real estate boom in australia -site:blogs.goldcoastproperty.com.au - Google Blog Search