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Negative equity on the rise as house prices fall | 7.30

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The Reserve Bank has warned that almost 3 per cent of home loans are in negative equity — meaning the purchased property is worth less now than when it was bought. And some economists are concerned the rate of "underwater loans" is actually higher. But what will the flow-on effect be for the rest of the economy?For more from ABC News, click here: http://www.abc.net.au/news/ Subscribe to us on YouTube: http://ab.co/1svxLVE You can also like us on Facebook: http://facebook.com/abcnews.au Or follow us on Instagram: http://instagram.com/abcnews_au Or even on Twitter: http://twitter.com/abcnews

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Australia Negative Gearing Housing Housing market Real estate Investment Investment properties Interest rates House prices Negative equity Economy Purchased property Economists
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