Millennial investors face a problem: do they liquidate their shares to buy a property, now that prices are softening?
, but faced with falling property prices and rising interest rates, many are wondering whether now is the time to liquidate their shares to relieve mortgage pain, say financial advisers.
The former chief marketing officer at major investment platform SelfWealth said he began investing in 2018 to help him in his role, and gradually invested $160,000 over five years. Depending on when they bought, those with a mortgage may have already shot past the former 2.5 per cent serviceability buffer banks used to stress test potential borrowers before October 2021. Many others will be nearing the 3 per cent buffer banks currently test against.
Morgan Stanley’s retail flow tracker also recorded a 13.7 per cent reduction in the percentage of total volumes traded by retail investors in the 12 months to December 2022.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'I feel hopeless': Eric and Chantelle's dream of finding a home is slipping away amid NT's housing crisisNT charities say demand for help is soaring but they are being forced to turn away people, as most homeless shelters reach capacity — and many don't accept children.
Read more »
How this woman outbids big companies at auctionsKrystyna Campbell-Pretty has found a way to indulge a personal passion and share it with the world. Now she wants other rich women to do the same.
Read more »
Stocks soar after US jobs data quells inflation fearsWall Street sparked a global rally in stocks after data showed wage growth slowing, fuelling investor bets that inflation is easing and that interest rates may not rise as high as feared.
Read more »
The new rules of investing as interest rates riseBitcoin, gold, private equity and central banks reversing decades of cheap money are ripping up the rule book and there are plenty of ways to profit.
Read more »
Why some young men idolise Andrew Tate, and young women are disgustedThe social media influencer, former kickboxer and alleged human trafficker was searched more on Google than Kim Kardashian one month last year.
Read more »