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Mortgage Borrowing in Australia Tightens in May

The proportion of many Australian housing loans now in arrears has been rising in Australia for the last six months or so according to Standard & Poor’s Australia. This has been due to the implementation paying principle plus interest as opposed to interest only loans that the majority of Australians applied for. About 1.14 per cent of home loans funded by mortgage-backed securities are in arrears, up slightly from March 2017. Arrears means behind on…

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Author : Charles Vincent Kaluwasha

Founder and CEO of C J Investiment. Charles Kaluwasha is a real estate entrepreneur and developer, specializing in building 2-5 unit properties in Melbourne City and Gold Coast. He currently owns 3 investment properties. He has rehabbed, Flipped and/or lease-optioned over 3 single-family residences using funds from private investors. He has secured 2 investment apartments in Melbourne and Gold Coast to be completed early 2020. A developer of C J Academy/mentorship program helping investors and homeowners with basic and advanced financial education and real estate investing strategies to create passive wealth.

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