Australians warned they are headed for a ‘dramatic and destabilising’ end to the real estate boom – with interest rates set to increase in 2017

  • Australia’s strong property market is headed for a ‘dramatic and destabilising’ end, according to leading economic group the OECD.

In its latest outlook, the Organisation for Economic Cooperation and Development warns of a crash rather than comfortable end to the housing boom, and householders should prepare for higher interest rates in 2017.

‘Domestically, the unwinding of housing-market tensions to date may presage dramatic and destabilising developments, rather than herald a soft landing,’ the report states.

READ MORE VIA DAILYMAIL

AHP

Australian capital city house prices are on the rise again, up 1.6% in May and 5% for the year

Comments Off on Australians warned they are headed for a ‘dramatic and destabilising’ end to the real estate boom – with interest rates set to increase in 2017

Filed under Australian Property & Real Estate News, Uncategorized

Comments are closed.