30% of all mortgages are on investor properties.
1.2 million out of 1.7 million investors fail to cover costs with rents.
Property Dreams Strain Australian Market
Compared with live-in homeowners, landlords are more likely to put properties up for sale when things go wrong—a surge in properties for sale could cause disarray in the broader market.
2 comments:
Nothing lower interest rates won't solve!
Only if the foreign appetite for aussie bonds continues. Which it very well might. Otherwise there goes 30% of mortgage funding.
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