'Mortgage prison': RBA analysis reveals 1 in 5 are trapped
InvestSMART Chief Market Strategist Evan Lucas says “mortgage prison” is the idea of purchasing a house with the equity in the house falling. “Your ability to move is much, much harder because you’re seen as a riskier prospect,” Mr Lucas told Sky News Australia. “The amount of repayments that you need to do for the rate will be higher.”
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