Mortgage debts mount as investors desert property market
Property investors might be shying away from the market but an unlikely state has emerged as an investor favourite at a time when mortgage arrears keep climbing upwards.
The sun may be about to rise on the Melbourne property market if a PIPA survey proves to be correct. (Image source: Shutterstock.com)
Some major shifts are emerging in the national property market, with more mortgages in arrears, investors deserting the market and a shift in the league table among states viewed as presenting the best capital growth potential.
For the sixth consecutive quarter, the value of mortgages in arrears by 90 days or more has risen. It is now sitting at $23.4 billion, as some borrowers struggle to keep up with their repayments under the pressure of the …
