Seagoon_ comments on Each rate rise locks tens of thousands out of home ownership, research finds

Each rate rise locks tens of thousands out of home ownership, research finds (www.abc.net.au)

submitted 1 month ago by zero_gravitas@aussie.zone 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.

[–] Seagoon_@aussie.zone 4 points 1 month ago

You know what are the main causes of people not buying houses?

Sky high house prices and low wages

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