If house prices continue to rise (even incrementally, let's be conservative and say 3% per year) then foreclosed property is unlikely to be sold for less than 90% of its original purchase price? That's assuming a 10% deposit which is probably what a lot of properties are being loaned against.
Youd think the property owner would be more likely to try and see the property at minimum breakeven prices?
Ann: 1Q24 APRA lodgement and trading update, page-7
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