TMM - News

Expect more economic carnage

Tuesday 9th of January 2024

At the peak of the GFC, mortgage stress was at 1.2% of the country’s total mortgage book. Today it is tracking at 0.4%.

However, in the past or two to three months, Royle has seen people coming to the end of their tether. “Interest rates are not going to come down anytime soon and it is going to be hard for a lot of people. I am expecting another wave of mortgagee sales in t...

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