Fears of a mortgage debt disaster as house prices across Australia hit new records | The Business

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The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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  • ABC News (Australia) published this video item, entitled “Fears of a mortgage debt disaster as house prices across Australia hit new records | The Business” – below is their description.

    House prices across the country are again hitting new records.

    Australia’s two biggest markets have regained ground lost since the start of the pandemic.

    Sydney has reached a fresh peak and Melbourne will follow within the weeks.

    But there are fears that people may overstretch themselves at a time when laws aimed at protecting them from taking on too much debt are set to be wound back.

    Nassim Khadem reports.

    ABC News (Australia) YouTube Channel

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    In This Story: Sydney

    Sydney, capital of New South Wales and one of Australia‘s largest cities, is best known for its harbourfront Sydney Opera House, with a distinctive sail-like design.

    • Population: 5.23 million (2018)

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