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Brisbane’s new apartment boom: negative equity

May 23, 2018 - 10:53 -- Admin

Via the AFR today: Mortgage revaluations of second-hand homes in inner Brisbane are 20 to 30 per cent below their exchanged prices as oversupply fears continue to hit the Queensland capital city, private property lender Development Finance Partners (DFP) say. …”It’s a shock and it pressures those owners who do not have substantial equity,” DFP

The post Brisbane’s new apartment boom: negative equity appeared first on MacroBusiness.

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