Tightening lending standards hammer house prices - MacroBusiness
6/28/2022 12:00:00 AM2 years 10 months ago
by Unconventional Economist
by Unconventional Economist
Cheap and easy access to mortgage credit was the fuel that lifted Australian house prices by 35% over the pandemic. Now the housing market is facing the polar opposite forces, with mortgage rates rising at the same time as credit is becoming more difficult to…
Cheap and easy access to mortgage credit was the fuel that lifted Australian house prices by 35% over the pandemic. Now the housing market is facing the polar opposite forces, with mortgage rates ri… [+2520 chars]
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