More homeowners cash out within three years as rates, prices rise

More than 14,000 homes bought about three years ago were sold in the December quarter, an increase of 800 homes compared with the previous three months, in what could be a sign that some property owners have struggled to cope with higher interest rates, data from CoreLogic shows.

That represents 15.9 per cent of all the 90,000 properties sold in the period, up from 15.7 per cent in the September quarter and a jump from 13.4 per cent in the December quarter of 2022.