Australian Property Podcast
There were further steep declines in bond yields this week.
US 30-year mortgage rates have fallen very sharply, signaling an upturn for the housing market in 2024.
The UK has seen government bond yields falling dramatically, with the 10-year yield down to just 3.4 per cent.
The 2-year gilt yield has now fallen under 4 per cent, suggesting a sharp round of rate cut next year.
Australia's 3-year bond yield has dropped to 3.6 per cent, far below the cash rate target.
Mortgage rates will fall here too, but probably not significantly so until the second half of 2024, allowing homebuyers "a window of opportunity" over the next 6 months (in CoreLogic's words, not mine).
This week on the pod, Amy and I discussed how to do a property due diligence like a pro.
Tune in here (or click on the image below):
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