Martin North, principal of Digital Finance Analytics, has provided a stern warning that even a small rise in mortgage rates could send shockwaves through Australia’s housing market. From The AFR:
“If interest rates were to rise, even a tad, or house prices slip further, we will see the beginning of a great housing crash, assuming incomes remain static in real terms and unemployment stays around current levels,” says Martin North, principal of Digital Finance Analytics, which provides data to major lenders.
