Predictions by one of Australia’s largest property developers that a 150 basis point rise in the broad-based mortgage market would effectively trigger a recession have been challenged by KPMG modelling that says such a rise would only shave part of GDP.
Frasers chief executive Rod Fehring said last week the sensitivity of interest rates would have the biggest impact on the housing construction market and therefore the economy.
Here’s some bullhawk droppings:
