Real Estate & Home

Revealed: 139 Australian suburbs trapped in mortgage arrears loop

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S&P Global Ratings reports that 139 Australian suburbs are experiencing escalating mortgage arrears, primarily affecting recent buyers with minimal deposits in outer suburban areas of Victoria and New South Wales. This trend highlights the financial strain on first-time homeowners due to high interest rates and falling property values, limiting their ability to sell properties at a profit or refinance debts.

Read the full article at Property News - Latest Real Estate Market News

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