[24/09/2012] Nightmare on Regent Street - and builder's done a runner...

[23/09/2012] Grand plans need vision to become great designs....

[25/09/2012] Borrowers pay off mortgages faster than average...

Australians have an unusual habit of paying off their mortgages much faster than borrowers in most other rich nations, a valuable trait that gives households a safety buffer were the economy to slow sharply.

Around half of all borrowers are ahead on mortgage payments, the Reserve Bank reported today, a level only reached by Canada among developed nations.

"In this way, many households have a buffer that they could temporarily draw on to stay current on their loan repayments if their incomes were to fall," the central bank said in its semi-annual report on financial stability.

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