Jump in quick home resales blamed on rising mortgage stress by analysts, real estate agents
- thewilliamsmith
- Jul 31, 2023
- 1 min read
Brisbane real estate agent Jett Jones is busy reselling properties that have only recently changed hands. "Within the last three or so months, I feel as though we've had a lot more stock that's definitely come onto the market," she observes.
"We've seen a lot of stock that's recently come on that has turned over in the last one to three years."
As borrowers battle rising mortgage repayments, a growing number are facing a tough reality.
"A lot of the first-time buyers that might have overextended the budget have come back and said, 'Yeah, look, we need to sell,'" Ms Jones explains.
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