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Mortgage stress and negative equity pressure young Australians

Cotality’s daily dwelling values index shows that dwelling values have declined by 5.3% from their 10 April peak across the five major capitals, led by Sydney (-7.7%) and Melbourne (-6.9%): New…

  • Sydney and Melbourne home values dropped 5.3% since April peak
  • One in two homes in Sydney and Melbourne sold below purchase price
  • Mortgage stress hits highest level since 2008 Global Financial Crisis

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