With credit harder to obtain and the royal commission cracking down on car dealers, Carsales’ own Stratton finance division could struggle.
Right now we all see falling property prices. This is long overdue and watching the media turn from “property prices to boom” to “property prices to bust” does cause me to laugh out loud.
The RBA has looked past the housing downturn which has gathered some momentum over the past three months, to hold the cash rate firm at their first meeting this year.
We could all be affected by an economic slowdown if lenders cut back in response to falling house prices
As the housing market continues to fall sharply around most parts of Australia, the risk of the current credit squeeze turning into a credit crunch is real and is rising.
The US bond market is predicting a recession, and it is never wrong, but what will this mean for Australia?
Mortgage rates to investors are up as much as 50 basis points over the same time frame but the RBA has held the cash rate at 1.5% for a record 27th month.
This is the time when value investors’ eyes light up as they see through the fear and panic in markets to long-term opportunities. It’s bargain time.