According to The Australian Financial Review, distressed listings jumped sharply in pockets of Brisbane and Sydney over the past 12 months, with up to one in five homes listed under distressed conditions amid signs home owners could be struggling to meet their mortgage repayments, new data shows.
AMP chief economist Shane Oliver said distressed selling and mortgage delinquencies could start to rise strongly in the coming months if interest rates stayed at their current level this year. https://www.afr.com/property/residential/distressed-listings-to-surge-if-interest-rates-stay-on-hold-this-year-20240220-p5f6ab
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