A slowdown in China’s economic growth could have serious implications for the housing market in Australia. Standard & Poor’s expects China to experience a soft landing in 2012, with forecast GDP growth of 8%. Based on this scenario, we expect the Australian economy to continue its moderate growth path and that the performance of the [...]
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Australian Household Debt To Income Reaches Sensitive Level
Australia’s mortgage performance is likely to remain stable in 2012, despite signs that household debt to income has reached sensitive levels amid declining property prices. That’s one of the key take-away messages from a market briefing hosted by Standard & Poor’s Ratings Services in Melbourne on March 27, 2012. The briefing also heard from Standard [...]