Silver lining: How a cooling property market is protecting borrowers
Four straight months of falling home prices across Australia may be a blessing in disguise for borrowers juggling mortgage repayments and the rising cost of living. Click to view:
While there have already been some signs of slowing price growth over recent months, prices are still rising. But can it continue?
The Reserve Bank of Australia’s November rate hike will put further pressure on households, squeezing borrowing capacities and increasing mortgage servicing costs.
An uplift in property listings during spring has also shifted dynamics in some markets.
Four straight months of falling home prices across Australia may be a blessing in disguise for borrowers juggling mortgage repayments and the rising cost of living. Click to view:
A shift in investor behaviour in recent months suggests that tax changes in the federal budget are starting to have the intended effect. Click to view: