Housing market podcast with Michael Yardney and Ahmad Imam...tune in here.
In short, some pain ahead, yet not everywhere.
Hitting the buffers
A few weeks ago I wrote here about mortgage interest rate floors, and, paradoxically, how tougher lending criteria have seen financial markets increasingly pricing in the chance of further easing from the Reserve Bank by the middle of 2020.
"The more you tighten your grip, Tarkin..." as Princess Leia once observed.
I've no idea whether there's anything in it, but Macquarie Bank cited a possible rethink on minimum assessment rates here at the Sydney Morning Herald yesterday.
Ditto Trent Wiltshire at Domain the other day here.
Ditto Richard Yetsenga of ANZ in the Fin Review today here.
One factor which could assist a housing market rebalancing this year is the return of Chinese buyers, attracted by a weaker Aussie dollar and more attractive housing prices.
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On a related note, a neat infographic from Commsec showing booming wine exports to China.
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