More property owners are looking to sell this winter, as soaring mortgage repayments stretch some households’ finances beyond what they can manage.
An increasing number of homes have been listed for sale, defying the market’s usual winter slowdown.The increase is modest, but suggests some could be trying to get ahead of mortgage stress.
“It’s quite an unusual trend, particularly for Sydney,” CoreLogic Australia’s head of research Eliza Owen said, adding spring is considered the ideal time to showcase a home as gardens are in bloom. Brisbane’s biggest jumps were in the inner east, Sherwood/Indooroopilly, North Lakes, Capalaba and Chermside.
He has noticed more Mum and Dad investors deciding to sell as they feel the pressure of rising costs.
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