While much has been done to improve the functioning of the market, the issue of long-term mortgage arrears remains significant. This is most important for those households and individuals suffering the stress and uncertainty of having significant arrears and being at risk of losing their homes.
One day the music stopped, as it always does, and they were left standing. The 1890s were tough for the city of Bendigo, as for most of Victoria. A number of banks in the city closed their doors. But its main building society remained sound. “The Bendigo” had not ventured as far into Melbourne real estate as others, nor was it as highly leveraged.