/biz/ - Business & Finance

Not surprisingly buyer sentiment is lower than during the GFC: https://www.theguardian.com/australia-news/2018/oct/10/house-prices-set-to-continue-to-fall-for-another-two-years-survey-says

42% of NSW mortgage owners will be in negative equity once prices fall by 20%, which is only 1-2 years away after falling 7% this year: https://www.afr.com/content/dam/images/h/1/6/v/f/7/image.imgtype.afrArticleInline.620x0.png/1539928703734.png

US Fed is raising rates and the BBSW increases for Australian banks who pass on the interest rate rise to Australian mortgages: https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-interest-rate.png?s=fdtr&v=201809261820x

The Fed is expected to raise rates in December, three more next year, and one increase in 2020. https://www.reuters.com/article/us-usa-fed/fed-raises-u-s-interest-rates-sees-at-least-three-more-years-of-growth-idUSKCN1M60EE