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1.Market Observations, 8.Was Sticky

2 Oct 2019 (AFR) – House hunters can’t win: Rate cut could fuel 15pc extra borrowing

(2 October 2019, AFR, p5, Ingrid Fuary-Wagner, Reporter)

‘A rapid bounce back in prices and a new record low cash rate has house hunters feeling the heat just four months into a market recovery from a two-year downturn. House prices in the country’s two largest markets, Sydney and Melbourne, gained momentum in September, growing by 1.7 per cent, according to the latest CoreLogic hedonic home value index. It marks the fourth consecutive month of price gains in the two capital cities, where the downturn had been concentrated, with a 3.6 per cent lift in values since the market trough in May and the RBA’s first rate cut in June.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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