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Distressed property sales to spike in 2023

November 24, 2022 - 11:20 -- Admin

Propertybuyer CEO Rich Harvey has told The AFR that he expects an upturn in distressed property sales by mid-2023. “I think there’s about a six- to nine-month lag effect on the rate rises flowing through the economy”, Harvey said. “I think that when people with large mortgages come off their 2% fixed rates to 5%

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