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1.Market Observations, 8.Was Sticky

18 Apr 2017 (TheAge) – ‘This thing’s gonna blow’: Top economists’ interest rate warning Michael Koziol Michael Kozi

(18 April 2017, The Age, page 5, Michael Koziol)

‘A dangerously overcooked housing market and rising interest rates are poised to plunge thousands of Australian families into mortgage stress in coming years, top economists have warned. As the Turnbull government grapples with how to address the housing affordability crisis in its May budget, some experts are predicting a housing correction that cannot and should not be stopped. Deloitte Access Economics’ quarterly business outlook, released today, predicts the official cash rate of 1.5 per cent will climb slowly in 2018 and 2019 to reach 3 per cent in the early 2020s.’

Read more at TheAge.com.au

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