Westpac rate rise ushers end of the property boom

Regulators and legislators who’ve spent the past two years worrying about an overheated property market should now be diverting attention to the fallout when the home market starts to deflate. That market appears to be increasingly close to being caught in a pincer between a big increase in supply and the start of moves by banks to increase interest rates on home loans.

14th October 2015

Read more: http://www.theage.com.au/business/banking-and-finance/westpac-rate-rise-ushers-end-of-the-property-boom-20151013-gk8imy.html#ixzz3oVnaVQDW