More Mortgage Discharges From Meriton Property Finance Chose Refinancing Instead of Selling
Close to 80% of mortgage discharges from Meriton Property Finance chose refinancing instead of selling in 2021, up from 66% in 2020.
“The increase in refinancing loans and holding onto property as opposed to selling highlights the confidence and strength in the property market. Instead of selling, people are keeping their units because they are confident that unit prices and rents will continue to go up. Our buyers understand that there is a huge shortage in supply at the moment and this will not be rectified soon. ” Says Harry Triguboff, Meriton Founder and Managing Director.