Thousands at risk of loan default

Would like to share a video from ABC News Australia published on December 2019. House prices are in steep decline across the country. November 2019 figures showed the weakest result since the global financial crisis. In Sydney, prices have plummeted by 8 per cent in a year, and there have been smaller falls in Melbourne, Perth and Darwin. There are also concerns about the growing number of households in mortgage stress, with 60,000 of them at risk of loan default. Michael Atkin reports.

#mortgagestress #mortgagestressrelief #loandefault #fallinghouseprices