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Each rate rise locks tens of thousands out of home ownership, research finds (www.abc.net.au)
submitted 1 month ago by to c/ausfinance@aussie.zone
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In short:

A rate rise is estimated to cause an immediate 5 per cent reduction in home purchases.

Economic modelling suggests the home ownership rate would fall by 0.3 of a percentage point and take more than a decade to recover.

What's next?

Markets and economists are almost certain the RBA will announce a rate rise on Tuesday.

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[–] 2 points 1 month ago

Ah yes, its the rate rises and not the thousands of unoccupied homes preventing people from becoming homeowners.

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