Forced property sales on the rise in outer Sydney as interest rate rises start to bite

Domain data shows distressed listings as a share of the national market remain low but there's been an uptick in outer suburban pockets

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Sydney's outer suburbs are showing signs of rising numbers of distressed property sales with higher interest rates the likely cause, a trend that can be expected to spread to other capitals, according to property data group Domain.

Distressed listings as a share of the national market remain low, at about 2.8% across the capital cities, compared with a record 5.1% in late 2018.

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