Rating Australia's housing risk

The reason Australian mortgage rates are so high is because overseas lenders are pricing into their Australian bank lending the danger of a bubble-like property collapse.

At last someone is prepared to tell us the truth as to why Australian mortgage interest rates are not going to fall substantially any time soon. And at the same time it shows the significance of the Bank of Queensland loss.

In his KGB interrogation Pimco’s Peter Dorrian explained that the major overseas wholesale lenders to Australian and world banks visit Australia and study our housing market. They conclude that there is great danger of a bubble-like collapse.

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