Hello, via the AFR:
Realtor Andrew Fawell has valued four distressed – or mortgagee – sales in the past two weeks for houses and apartments valued between $1 million and $2.5 million located around Melbourne’s coveted, prestigious and expensive inner south-east fringe.
“The drum is starting to beat,” says Fawell about home buyers and investors who might be feeling pressure from rising repayments, static incomes and stagnant rents.
