Australia’s ‘irrational exuberance’ to borrowing is risky, says study – Aust Broker Online
As read in the Aust Broker Online, Australia’s “irrational exuberance” about borrowing money to invest in property will increase the economy’s vulnerability to a more severe downturn. According to a study conducted by PIMCO, which compares Australian borrowers to those in other countries, lower mortgage rates and house price appreciation have driven a “herd mentality” […]
