๐๐ถ๐๐๐ฟ๐ฒ๐๐๐ฒ๐ฑ ๐๐ถ๐๐๐ถ๐ป๐ด๐ ๐ฅ๐ฒ๐บ๐ฎ๐ถ๐ป ๐ฎ๐ ๐น๐ผ๐ ๐๐ฒ๐๐ฒ๐น๐
Very few homeowners are being forced to sell their property, despite the rise in interest rates over the past year, according to Domain.
The share of distressed listings in May was just 2.8% across the combined capitals โ compared to a record high of 5.1% in 2018.
For the combined regions, the share of distressed listings in May was 2.7%, compared to a high of 5.7% in 2013.
"The start of the pandemic witnessed a sharp decline in distressed listings due to mortgage holidays and savings buffers built up due to the extended lockdowns/border closures. The current low levels of distressed listings are a positive sign for the housing market," according to Domain.
Subiaco finance brokers are here to help
Interest rate rises are here, but you donโt have to fear with the right broker on your side.
The team at Sonam Capital are here to empower you through financial knowledge. Weโll take the time to get to know you and your unique situation and speak in a language you can understand, with strategies you can implement for the best possible outcomes.
Nick, Wayne and Amanda at Sonam Capital are your Subiaco finance specialists.
