> Australian housing finance data for April misses estimate

Australian housing finance data for April misses estimate

Friday, 02/06/2023 | 01:34 GMT

High interest rates are weighing on the sector.

PIMCO is the latest I've seen to express concerns on Australian housing finance, says Australia is fast approaching a mortgage cliff for fixed rate mortgages that will place further pressure on households and the economy:

PIMCOs base case is an Australian recession, expecting a soft landing is a fool’s paradise

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