Australia & New Zealand Economics

Australia & New Zealand Economics Weekly

31 August, 2018

Rising mortgage rates, housing and the RBA

Australia is still a very long way from a recession or a financial crisis, but this week’s news that Westpac is hiking its mortgage rates has raised the risk a bit. After all, higher mortgage rates, falling house prices and tighter credit conditions are not a good mix. That said, the most likely consequence of Australia’s debt binge is nothing more pernicious than a prolonged period of subdued economic growth.

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