Surprising Drop in Distressed Sales Amid Australia’s Mortgage Cliff There has been an interesting turn of events in Australia’s financial landscape. While the country has recently experienced its fair share of increases, from interest rates to property prices, one number stands out and offers hope: the decline in distressed home listings. Recent figures from Domain reveal a notable decrease in distressed property sales across all of our capital cities. This trend is particularly surprising given the widespread concern about the impending fixed-rate mortgage cliff. This cliff was expected to bring financial distress to thousands of homeowners, potentially forcing them to sell due to rising interest rates—a genuine fear across many industries. But guess what? Contrary to forecasts, we are witnessing fewer distressed sales.
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