Thursday, April 9, 2020

Negative equity incidence to rise as coronavirus shock hits economy and takes real estate prices down with it


The Reserve Bank's Financial Stability Review says Australia is feeling the full force of "significant strains in the global financial system" and high levels of uncertainty about the size and duration of the economic downturn.

The review signals that Australia's still-hot real estate market will be unable to escape - and negative equity is a risk.

Financial Stability Review, 9 April 2020



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