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.
More Stories
‘Secret’ recording will be heard in court as Ben Roberts-Smith fights to overturn defamation loss
Preferences are more important than ever this election. See where Australian voters sent theirs last time
Ukraine war live: ‘historic’ minerals deal signals long-term commitment to a free Ukraine, US says