Original article by Nila Sweeney
The Australian Financial Review – Page: 9 : 7-Jun-23

SQM Research’s MD Louis Christopher says the probability of a ‘double dip’ downturn in Australia’s housing market has increased to more than 60 per cent following the Reserve Bank’s decision to increase the cash rate to 4.1 per cent. He notes that SQM’s research in late 2022 found that loan book managers identified a cash rate of about four per cent as the ‘line in the sand’ where many homeowners may be forced to sell. Christopher notes that the number of distressed listings is still quite low, but cautions that this may change as the full impact of the recent rate rises flows through to mortgage holders.

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