More Signs Of A Broken Property Market!

In a classic at first slowly, then with a rush, we are getting more data to confirm the depth of distress and distortion in the Australian property markets as the perfect storm for the two thirds of people who own property, with a mortgage or outright, and the third who from choice or necessity rent as the combination of overvaluation, rising interest rates, worsening sentiment, and the federal budget’s tax changes to negative gearing and capital gains taxes all arrive. The latest from our surveys show that 53% of mortgaged owners have cash flow pressures now, an all-time high and those […]