The latest edition of our finance and property news digest with a distinctively Australian flavour.
We look at the latest signs concerning pressures on the mortgage market. Despite the RBA’s deflection that home prices are nothing to do with them, it appears mortgage tightening is on the cards. Perhaps the only question is whether regulators will pull the trigger before next year’s federal election, due in May. And meantime loan deferrals are rising as the lock down runs. Yet much of the pressure is being felt by renters, according to recent surveys, plus small businesses, while real estate companies like REA have been making hay in the booming market.
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