Australia

The head of Australia’s biggest mortgage broking group, Lendi, has issued a warning to those who bought a property with a small deposit during a housing downturn.

‘Trapped’: Grim warning for first homebuyers in Australia

Australia’s largest mortgage broking group is warning recent first homebuyers are most at risk of being trapped owing their bank more than their home is worth as property prices plunge.

Updated
Read more (3 min) →