The house price recovery could be stopped in its tracks by the growing number of property investors selling up to raise cash and escape from “mortgage prison” as repayments soar.
The finding, contained in research by investment bank Jarden, comes amid an unusual winter surge in auction numbers that has perplexed some real estate analysts.
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Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
