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Making news this week (week ending 24 June)

Discover some of the top news stories impacting the mortgages space in this weekly wrap-up.

NSW stamp duty reform should go further: Domain

Domain has said the state’s new housing measures could be a promising first step to improve affordability, after Sydney prices surged by 40 per cent over the pandemic.

Lowe expects to consider 25 or 50-bp rate hike

The Reserve Bank tossed up increasing the cash rate by either 25 or 50 bps for June, with its governor revealing that he expects the same options next month.

Rising interest rates will outweigh house price falls: Moody’s

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Analysts have tipped house prices would need to fall by around 22 per cent in 2022 to counterbalance how much higher interest rates will erode housing affordability.

RBA’s faster rate rises to accelerate housing decline: ANZ 

Economists at the major bank have tipped that house prices will fall by around 15 per cent between April 2022 and December 2023.

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