Deep Gloom Spreads Across Property; Despite The Spring Time Changes…

This past week has really created a tipping point for Australian property, as I discussed in my recent show, with more rates rises potentially incoming, with the possibility of a second next year, which would take variable mortgage rates to nearly 7% and fixed rate mortgages are already driving higher thanks to the bond markets, and ongoing financial pressures on households as potential borrowing power ratchets down, including the APRA 3% rate buffers. Dwelling values across the five major capital cities have fallen by 6.6% since their peak in early April and are only 2 percentage points away from recording the […]