Commentators assessed the effect of eight consecutive Reserve Bank rate rises, which lifted the cash rate to 3.10 per cent and helped push national house prices down about 7 per cent from their peak. Analysts noted most households retained sizeable equity buffers, so the greater risk lay in servicing debt rather than in falling values. Investor activity was reported at an 18 month low, with the lending buffer keeping many buyers out.
Reported by
Christian Edwards, Stockhead, 31 December 2022
PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.
