7 News
·general
·1 hour ago
‘Disastrous’ prediction for thousands of new homeowners amid market downturn
Tens of thousands of Australians are staring down the barrel of a housing horror show, with experts warning a potential downturn could send new homeowners into negative equity. Negative equity occurs when homeowners owe the bank more than their home is worth, meaning they would be unable to sell their property for a profit.
Summary by Glance · 7 News
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