Tag: sell my own home
More recent buyers are reselling their homes, and that may be an early sign of mortgage trouble
An increasing number of Australians are selling homes they have owned for fewer than two years, many are at a loss, and analysts warn it may be an early sign of mortgage distress.
Key points:
- CoreLogic says there has been an “unusual” increase in the proportion of people selling their homes after a short period
- The proportion of loss-making resales that were held for less than two years has trebled since late 2021
- Analysts say owners typically avoid selling at a loss, meaning that rising interest rates are likely forcing some to sell
The data comes from CoreLogic, as part