Time to get a foot in the property market?
The local property market might be poised for a rebound as interest rate relief — which cannot come too soon — could spur housing activity that is languishing at 15-year lows
12 September 2024 - 05:00
The latest housing data paints a bleak picture of a market in distress as residential property sales and prices continue to stall on the back of higher-for-longer interest rates.
Overstretched homeowners have been hit by a double whammy of persistently high borrowing costs and soaring food, fuel and electricity prices. Though it’s no surprise that many have fallen behind on monthly bond repayments, the quantum of defaults is worrying. ..
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