Latest / Aussie Real Estate Podcast
Australian Mortgage Stress Rising as Sydney and Melbourne Property Markets Weaken
We talk with Erin Kitson a director from SP Global about mortgage arrears. Victoria is now recording the highest mortgage arrears levels in Australia, while softer property conditions are beginning to place more pressure on borrowers in both Melbourne and Sydney. Some recent apartment buyers in Sydney are already feeling the impact of changing market conditions, with concerns properties may now be worth less than their purchase price.
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