Advertisement
Despite Australian mortgage rates plumbing their lowest level in history:
Sydney’s housing affordability is about to hit its worst level in a decade, according to modelling by Moody’s Investors Service:
The ratings agency predicts that Sydney will reach its worst affordability in 10 years if prices rise by just 4.6 per cent or if mortgage lending rates increase by as little as 42 basis points.
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.