Domain data shows distressed listings as a share of the national market remain low but there’s been an uptick in outer suburban pockets
Get our morning and afternoon news emails, free app or daily news podcast
Sydney’s outer suburbs are showing signs of rising numbers of distressed property sales with higher interest rates the likely cause, a trend that can be expected to spread to other capitals, according to property data group Domain.
Distressed listings as a share of the national market remain low, at about 2.8% across the capital cities, compared with a record 5.1% in late 2018.
About Author
More Stories
EU to propose lowering price cap on Russian oil in new sanctions package
Australian universities hesitate on antisemitism definition amid academic freedom concerns
Tobacco excise isn’t making Australians smoke less and should be frozen to curb black market, economists say