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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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[–] 1 point 2 weeks ago (1 child)

and the fed

the what now ? The RBA or Reserve Bank is all I've ever heard them called, never heard them called "the Fed", that's a concatenation normally reserved for the "Federal Reserve" in the US.

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