AGP Executive Report
Last update: 11 hours agoMortgage Pressure: NSW households spent nearly 31% of income on mortgage repayments in June, among the highest levels in decades. An IMF inflation warning and the RBA’s hint of a possible November rate rise add to concerns. Cooling Demand: First-home buyer loan demand fell for a third straight month, while unsold auctions outnumbered sales after major banks lifted rates. Market Divide: High-end homes are sliding as conditions split across the market, and a hedge fund has bet against Australia’s housing market, targeting REA Group. Housing Supply: Regional South Australian businesses say shortages are costing them workers and contracts. Perth’s treeless fringe estates have also drawn criticism over planning rules that allow trees to be cleared.
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