ABC News (Australia) published this video item, entitled “Why Aussies are ditching homes they bought a couple of years ago | The Business | ABC News” – below is their description.
The proportion of homes for sale that were purchased less than two years ago is at the highest level since at least 2014. Analysts and agents say the figures likely reflect rising mortgage stress after 12 interest rate hikes since 2022. Financial counsellors are urging borrowers in trouble to seek advice early about their options so they remain in control of any sale process.
ABC News (Australia) YouTube Channel
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