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AU: Jump in quick home resales blamed on rising mortgage stress by analysts, real estate agents

From abc.net.au

Brisbane real estate agent Jett Jones is busy reselling properties that have only recently changed hands. "Within the last three or so months, I feel as though we've had a lot more stock that's definitely come onto the market," she observes. "We've seen a lot of stock that's recently come on that has turned over in the last one to three years." As borrowers battle rising mortgage repayments, a growing number are facing a tough reality. "A lot of the first-time buyers that might have overextended the budget have come back and said, 'Yeah, look, we need to sell,'" Ms Jones explains. "Or a lot of the time as well ... (full story)

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