MacroBusiness
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at 2:20 pm on July 16, 2021 | 11 comments
Australian property market prices continued to climb over the last month, with the past six months seeing some of the strongest growth on record. Mortgage interest rates edged higher as the Reserve Bank of Australia ended its Term Funding Facility. There are some extraordinary divergences in affordability. It has never been cheaper in some markets to service a mortgage, but never more expensive to save for a deposit or pay off the loan.
In general, housing valuation and affordability statistics worsened over June. For investors, rental yields have never been lower in an absolute sense, never higher relative to mortgage rates.