“Mortgage Prison”: Why Thousands of Aussie Homeowners Are Stuck

Mortgage prison is becoming a growing concern for some Aussie homeowners who entered the market with small deposits during the property boom. Buyers who purchased with as little as 5% down are now finding it harder to refinance as prices cool in Sydney and Melbourne. For more watch The Issue podcast on YouTube, 7NEWS at 6pm or download LiSTNR.

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