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Mortgage debts mount as investors desert property market

Press coverage 16 September 2024 Summary of published coverage
Mortgage debts mount as investors desert property market

APRA figures showed the value of mortgages 90 days or more in arrears rose for a sixth consecutive quarter to $23.4 billion, or 1.03 per cent of loans, with owner occupiers over-represented. Alongside this, PIPA’s annual survey recorded 14.1 per cent of investors selling a property, mainly because of holding and compliance costs, land tax and a desire to cut debt.

Reported by

Craig Francis, Australian Property Investor, 16 September 2024

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