The Guardian Australia
·general
·3 hours ago
‘It’s quite distressing’: rate rise brings new pain for would-be homebuyers
The Reserve Bank's third consecutive rate hike has worsened affordability for first-time homebuyers, with entry-level property prices still climbing despite overall market weakness in Sydney and Melbourne. Each rate increase could cut borrowing capacity by $17,000, according to research firm Cotality.
Summary by Glance · The Guardian Australia
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