Apartment buyers left in debt as Aussie banks ‘pull plug’

In main centres where population pressures result in a huge increase in property cost, apartments are cheaper, in relative terms, and provide a viable ownership alternative to renting.

But apartment buyers could be left tens of thousands of dollars in debt after borrowing deposits for unbuilt units that they then cannot get the remaining funds for.

In main centres where population pressures result in a huge increase in property cost, apartments are cheaper, in relative terms, and provide a viable ownership alternative to renting.

But apartment buyers could be left tens of thousands of dollars in debt after borrowing deposits for unbuilt units that they then cannot get the remaining funds for.

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