Market Wrap - 12 May 2022

Market Wrap - 12 May 202

 

  • According to Domain, rising interest rates are expected to have a swifter-than-usual impact on the property market as reduced borrowing power and higher mortgage repayments weigh on buyer demand. Read more.

 

  • If the economy and the property market come under sustained pressure as interest rates increase, the RBA, the Federal Government of the day and the retail banks will also respond to support the economy. They cannot and won’t sit idly by. The Federal Budget in April demonstrated that a Government can be nimble and nuanced in their policy response, when required. Read more to stay ahead of the curve and win this year in real estate.

 

  • National Australia Bank is expected to throw its hat in the ring, should Suncorp Group end years of posturing and seek to sell the bank. Street Talk understands NAB’s top brass has notified their counterparts at Suncorp that they’re interested in the bank should it become available, informally expressing their interest in the second regional tier bank. Read more here.

 

  • Asian commercial property investors are back and spending up big, pushing yields to near-record lows, but this time it’s different. Investors from south-east Asia were a major presence at a commercial property portfolio sale from Stonebridge Property Group, which netted $75 million with essential services assets in high demand. Read the full article