House prices: Distressed listings on the rise
The portion of distressed listings has almost doubled in some heavily mortgaged areas, amid signs some households are starting to buckle under interest rate pressure.
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The portion of distressed listings has almost doubled in some heavily mortgaged areas, amid signs some households are starting to buckle under interest rate pressure.
Australia’s immigration targets should match the country’s ability to supply housing, which would “mean a cut”, the AMP chief economist says.
The government wants to encourage more institutional investment in housing to increase supply and reduce pricing pressures.
The well-known Aussie businessman tips house prices to fall as more people lose their jobs with the unemployment rate predicted to hit 4.5 per cent next year.
Australian shares are set to open lower, tracking broad losses on Wall Street. Apple hit by report of China government ban. Lowe speech this afternoon.