Business
More properties likely to sell at a loss as mortgage holidays end: report – Domain News
There was only a slight rise in the number of sellers forced to accept a loss in recent months, new research finds, but banks are unlikely to be so lenient next…
The proportion of loss-making property sales is expected to rise in the coming months after lifting only marginally in the June quarter as the coronavirus pandemic hit, new research shows.
While the housing market has so far been insulated by a sharp drop in the total number of transactions and mortgage holidays offered by banks, a looming end to support from lenders may force more investors to sell at a loss.
Some 12.8 per cent of properties sold at a loss in the three months to June, edging …
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