Mortgage market casts dark cloud over Aussie property

Monday, 24 January 2022

Fixed mortgage rates have risen sharply in Australia, as illustrated by new data from CoreLogic:

A year ago, owner-occupied homebuyers could find three year fixed rate mortgages on offer below 2%. But with the RBA tapering its quantitative easing program, average three-year fixed rates have now risen to 2.7%.

Smaller increases have also occurred for fixed rate mortgages below three years.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.