The Reserve Bank of Australia left the official cash rate at 1.50 per cent but credit conditions have tightened for investors over recent months, and owner occupiers are wary about rates as the banks move unilaterally, says Shane Garrett of the HIA.
One in five Australian households will struggle if interest rates rise 0.5%
Australian households are living on a knife-edge, with record levels of debt, record slow wages growth, and the expectation of higher interest rates, warns new research from Digital Finance Analytics.
Mortgage holders should review their home loans after a number of lenders imposed out-of-cycle interest rate rises, says John Kolenda of mortgage broker 1300HomeLoan.
A survey of industry participants shows confidence in the property sector is at a two-year high, despite the prospect of higher interest rates and the slowing trend in building approvals.
Auction clearances holding strong heading into the holidays
Auction clearance rates remained strong last week, as volumes dipped in the lead up to the holiday season, and despite news the big four banks are beginning to increase interest rates.
