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How owners’ ‘heroism’ reversed the property slide

Nila Sweeney
Nila SweeneyReporter

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Property owners with a mortgage are expected to largely weather the damaging effects of rapid interest rate increases, despite signs of rising financial stress, experts say.

A survey conducted by McCrindle Research for the Finance Brokers Association of Australia found that 50 per cent of mortgage holders have experienced increased stress as a direct result of the 10 consecutive interest rate rises over the past year.

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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au

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    Original URL: https://www.afr.com/property/residential/lack-of-distressed-home-selling-helps-reverse-the-downturn-20230501-p5d4ja