Money

Young Aussies selling their first homes as mortgage stress bites

Published

3 years ago

July 31, 2023

A surge in quick home resales has been attributed to the growing mortgage stress faced by homeowners, according to analysts and real estate agents.

Brisbane real estate agent, Jett Jones, has noticed a significant increase in properties returning to the market within a short period after being sold.

The data from CoreLogic, exclusively prepared for ABC News, indicates that the proportion of homes resold within two years of their previous sale is at a nine-year high. In April, 8.3 percent of properties sold were owned for less than two years, indicating a steep increase since mid-2021.

FILE PHOTO: An ibis perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz//File Photo/File Photo

Quick turnover

Analysts point out that the current scenario is different from previous instances of quick property turnover, which were typically observed during property booms when investors sought fast profits. This time, a substantial number of properties resold within a short duration are being sold at a loss. This suggests a rise in forced sales, as homeowners who purchased during the low-interest rate pandemic period struggle to cope with surging mortgage repayments.

Younger buyers, including first-time buyers who may have overextended their budgets, and investors looking to retire or reduce costs, are among those impacted. Hobart and Brisbane are the leading cities where properties are resold within two and three years, highlighting the severity of the issue.

Financial counsellors have reported a 30 percent increase in calls for help related to mortgage stress, with the number one reason for seeking assistance being the inability to afford mortgage repayments. The situation has become more critical for those with pandemic-era, cheap, fixed-rate mortgages expiring.

Experts urge homeowners facing financial trouble to seek advice early, engaging with their banks and relevant services to explore their options and remain in control of the sale process. While some are still making profits on property sales, a significant number of pressured sellers may be on the rise as interest rates and inflation continue to impact mortgage affordability.

Money

Tech stocks slide as investors rotate into small-cap and value plays

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

Published

16 hours ago

February 9, 2026

Harvey Vargas

Nasdaq drops 1.84% amid turbulent week; investors pivot to cyclical and value sectors from high-growth tech.

U.S. equity markets wrapped up a turbulent week with mixed results. The Nasdaq Composite fell 1.84%, marking its worst week for large-cap technology stocks since November, while the S&P 500 remained largely unchanged. Investors are weighing concerns about artificial intelligence and potential overinvestment in high-growth areas.

Meanwhile, smaller-cap and value-oriented stocks continued to add to their year-to-date gains. Market participants rotated into cyclical sectors that had lagged, reflecting a shift in investor sentiment and appetite for risk outside the traditional tech heavyweights.

Analysts say this rotation highlights the broader market’s evolving dynamics, as growth concerns collide with opportunities in underappreciated areas. Stay tuned for further developments as the market digests these trends.

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Money

U.S. markets mixed as tech slumps and Fed moves spark uncertainty

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

Published

4 days ago

February 6, 2026

Harvey Vargas

Mixed US equity results as tech stocks drop; market uncertainty rises amid Fed Chair change. Join Steve Gopalan’s insights on FX trends.

US equity markets posted mixed results as technology stocks fell, reflecting growing concerns about AI disruptions. The delay of key labour data has added to market uncertainty, especially with President Trump’s recent appointment of Kevin Warsh as Fed Chair.

Steve Gopalan from SkandaFX joins us to discuss how these shifts could influence monetary policy, corporate FX strategies, and the broader financial landscape.

We also dive into FX trends, euro-area inflation signals, and Australian dollar movements, exploring what these developments mean for investors worldwide.

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#USMarkets #TechStocks #FedPolicy #FXTrading #AIImpact #LabourMarket #CurrencyTrends #InvestingInsights

Money

Tech stocks and Bitcoin tumble amid market uncertainty and rising job concerns

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Published

4 days ago

February 6, 2026

Harvey Vargas

Wall Street plummets as tech stocks and Bitcoin fall, raising concerns about job market and economic stability.

Wall Street took a sharp hit Thursday as technology stocks and Bitcoin plunged, reigniting worries over the job market and global economic stability. Kyle Rodda from Capital.com breaks down how Alphabet and Qualcomm’s earnings may signal broader tech weakness.

Bitcoin’s recent drop also rattled crypto markets, with Coinbase shares falling sharply. Rodda explains how much of the decline is driven by market fundamentals versus shifting investor sentiment, and how rising AI expenditures are affecting investor confidence in tech.

The surge in unemployment claims, coupled with falling bond yields, is prompting concern over overall market stability.

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#WallStreetCrash #TechStocks #BitcoinDrop #MarketVolatility #JobMarket #InvestingTips #CryptoNews #Ticker