Australia housing

The heightened risk of another imminent rate hike adds to more pain

Preliminary clearance rate for the spring season so far of 52% is below the winter average of 52.3%

Demand has been hit by higher borrowing costs and tax changes in the May Budget

Sydney prices have fallen almost 9% from their February peak

The Reserve Bank of Australia is expected to raise its key interest rate to 4.6% on Sep 29

Falling home sales hit an ecosystem of businesses dependent on transactions

Tax revenue from home sales dives more than 20% in August

Volumes remain subdued amid housing downturn 

Bathla has more than A$3 billion (US$2.2 billion) in debt owed to dozens of private lenders