Markets outlook
I discussed the brightening outlook with Michael Yardney here (or click on the image below):
I've noticed in the Land Registry data that a huge number of Aussies took the opportunity to kill their mortgages outright in 2020, and mortgage serviceability has become so easy, on average, that a boom period for property is a near-certainty.
Shane Oliver showed this week that interest serviceability for households is at the lowest level in about 35 years.
Source: Dr Shane Oliver, AMP
