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1.Market Observations, 8.Was Sticky

6 Feb 2020 (AFR) – Home buyers: ‘It’s crazy’: Cashed-up but nothing to buy

(6 February 2020, AFR, p38, Nila Sweeney, Reporter)

‘The share of pre-approved loans that failed to convert to contracted mortgages has doubled since property prices started rising in June last year as buyers struggled to find the right property amid persistently low supply. Data compiled by Digital Finance Analytics shows the proportion of mortgage committed but not taken has jumped to 40.38 per cent nationally. A sizeable chunk of that, 14.81 per cent, was due to lack of stock.’

Read more at (might need AFR login access)

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