PropertyResidentialInterest ratesPrint articleDistressed listings blow out as interest rate rises biteNila SweeneyReporterUpdated Nov 2, 2022 – 10.07am, first published at Nov 1, 2022 – 5.12pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginThe number of distressed listings nationwide has jumped by more than 15 per cent since interest rates started rising in May as more vendors struggle to meet sharply higher mortgage repayments, data from SQM Research shows.Tuesday’s interest rate increase of 0.25 percentage points to 2.85 per cent, will further stretch household finances and may force some to offload their property in a hurry, experts say.Loading...Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreInterest ratesProperty pricesSalesProperty investmentSydney house pricesMelbourne house pricesLatest In ResidentialFetching latest articlesMost Viewed In PropertyThe Australian Financial Review MagazineBishop stares down critics: ‘I turn down many more roles than I take on’Myriam RobinThis restaurant has New York buzz. You’ll never guess where it isThe watch brands courting women with dazzling designsBOSS Financial ReviewBill Gates swears by it. What you can do to become a top CEOHannah TattersallHow Brian Hartzer uses AI to get free advice from a top investment bankerHow the Ford family plans to avoid a Murdoch succession battleLife & LeisureMake waves with an electric surfboard and a new Panerai MarinaEugenie KellyMove over F1. This is the motorsport separating the men from the boysHow younger drinkers are shaping Australia’s wine industryRich ListRinehart refuses to rule out financial support for Roberts-SmithMax Mason‘Embarrassing, scandalous, irrelevant’: Costs mount in Waislitz caseBillionaire Chemist Warehouse scion cashes out a further $380m
