Report: Further interest rate hikes could ‘devastate’ property market without easing unaffordability
A report from The Guardian — World sets out the main available details, with claims kept attributed to their sources.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
The Guardian — World has covered a development concerning “Report: Further interest rate hikes could ‘devastate’ property market without easing unaffordability,” with the available account limited to the facts included in the supplied text.
With RBA predicted to lift cash rate for fourth time this year on Tuesday, experts warn a fifth – or even sixth – rise would be ‘overkill’ Get our new political email , free app or daily news podcast Two or even three more Reserve Bank interest rate hikes would be “devastating” for the property market but still leave housing more unaffordable than ever as higher borrowing costs trump lower prices, experts say. The report also notes that The RBA’s monetary policy board is widely expected on Tuesday afternoon to announce an increase in its cash rate to 4.6%, from 4.35%, in a decision that is expected to add another $100 to the monthly mortgage interest bill on a $700,000 loan. Sign up for Guardian Australia’s Politics, really newsletter here
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- Further interest rate hikes could ‘devastate’ property market without easing unaffordability — The Guardian — World
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